Form 4: ON Semiconductor Executive Reports Routine Stock Transaction for Tax Purposes

ON Semiconductor's Group President, Sudhir Gopalswamy, reported a routine disposition of 470 common shares to cover tax obligations related to restricted stock unit vesting, while also acquiring 99 shares through an employee stock purchase plan.

Summary

• Sudhir Gopalswamy, Group President, AMG & ISG at ON Semiconductor Corp (ON), filed a Form 4 reporting changes in beneficial ownership.
• On May 26, 2025, Mr. Gopalswamy disposed of 470 shares of common stock at a price of $41.27 per share.
• This disposition was coded 'F', indicating shares were withheld by the issuer to cover taxes due upon the vesting of restricted stock units.
• Following this transaction, Mr. Gopalswamy beneficially owns 143,583 shares of common stock directly.
• The reported beneficial ownership also includes an additional 99 shares acquired by Mr. Gopalswamy under the Issuer's Employee Stock Purchase Plan (ESPP) since his last Section 16 filing.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. While shares were disposed of, it was for a routine tax withholding purpose, which is not a negative signal. The simultaneous acquisition of shares through an ESPP indicates continued insider investment.

Positives

• The acquisition of 99 shares through the Employee Stock Purchase Plan demonstrates continued investment and confidence by the executive in the company's stock.

Negatives

• A disposition of 470 shares occurred, although it was for tax withholding purposes rather than an open market sale.

Risks

• The document itself does not detail specific risks to the company, as it is a routine insider transaction filing.

Future Outlook

This Form 4 filing does not contain any forward-looking statements or guidance regarding the company's future outlook.

Industry Context

ON Semiconductor operates in the global semiconductor industry, providing intelligent power and sensing technologies. This filing is a routine disclosure of an executive's stock transactions, common across all publicly traded companies, and does not provide specific industry-wide insights.

Stakeholder Impact

• Shareholders: The transaction is a routine insider filing and is unlikely to have a significant direct impact on shareholders. The executive's continued participation in the ESPP might be viewed positively as a sign of alignment with shareholder interests.

Key Dates

Keywords

ON Semiconductor, ON, Form 4, Insider Transaction, Beneficial Ownership, Restricted Stock Units, Tax Withholding, Employee Stock Purchase Plan, Semiconductor Industry, Executive Compensation