Form 4: On Semiconductor Director Thomas Deitrich Reports Acquisition of 3,083 Shares of Common Stock

Director Thomas Deitrich reported acquiring 3,083 shares of On Semiconductor common stock on May 16, 2024, through a restricted stock grant.

Summary

• On May 17, 2024, a Form 4 filing was submitted to the SEC by Hope M. Spencer, Attorney-in-Fact, on behalf of Thomas Deitrich, a director of On Semiconductor Corp.
• The report details a transaction on May 16, 2024, where Deitrich acquired 3,083 shares of common stock.
• These shares were obtained through a restricted stock grant under the Issuer's Amended and Restated Stock Incentive Plan.
• The price per share was $0.0000.
• Following the transaction, Deitrich directly owns 19,020 shares of On Semiconductor Corp.
• The restricted stock will vest on the day prior to the Issuer's next Annual Meeting of Stockholders.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director increasing their stake in the company is generally a good sign, but it's a routine transaction related to compensation.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future performance.

Future Outlook

The restricted stock will vest on the day prior to the Issuer's next Annual Meeting of Stockholders.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's increased stake in the company, which is generally viewed positively by investors.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment.

Key Dates