Form 4: On Semiconductor Exec VP & CFO Thad Trent Reports Stock Disposals to Cover Tax Obligations

Thad Trent, Executive VP & CFO of On Semiconductor, reported disposing of shares to cover tax obligations related to vesting restricted stock units and performance-based restricted stock units.

Summary

• On February 10, 2025, Thad Trent, Executive VP & CFO of On Semiconductor, disposed of 3,695 common shares at a price of $47.04 to cover taxes due upon the vesting of restricted stock units.
• Following this transaction, Trent directly owns 370,213 common shares.
• On February 11, 2025, Trent disposed of 7,106 common shares at a price of $47.93 to cover taxes due upon the vesting of performance-based restricted stock units.
• Following this transaction, Trent directly owns 363,107 common shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing relates to routine stock disposals for tax purposes, which is a normal part of executive compensation.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.

Key Dates

Keywords

Form 4, ON Semiconductor, Thad Trent, Stock Disposal, Tax Obligations, Executive VP, CFO, Restricted Stock Units, Performance-Based Restricted Stock Units