Form 4: On Semiconductor Executive Sells 28,000 Shares

An On Semiconductor executive, Simon Keeton, sold 28,000 shares of company stock at an average price of $68.5639 on December 17, 2024.

Summary

• Simon Keeton, a Group President at On Semiconductor, sold 28,000 shares of the company's common stock on December 17, 2024.
• The sale was executed at a weighted average price of $68.5639 per share, with individual trades ranging from $68.55 to $68.655.
• Following the transaction, Keeton still beneficially owns 203,182 shares of On Semiconductor stock.
• This total includes 90 shares acquired through the company's Employee Stock Purchase Plan since the last filing.

Sentiment

Score: 5

Explanation: The document is a neutral report of an insider stock sale, which is a common occurrence and does not inherently indicate positive or negative sentiment.

Industry Context

This is a routine disclosure of an insider transaction, which is common for publicly traded companies. It does not indicate any specific trend in the semiconductor industry.

Comparison to Industry Standards

• Executive stock sales are a normal part of compensation and portfolio management for executives at publicly traded companies like On Semiconductor.
• Similar transactions are regularly reported by executives at comparable companies such as Texas Instruments (TXN), Analog Devices (ADI), and Microchip Technology (MCHP).

Stakeholder Impact

• The stock sale may have a minor impact on the stock price, but it is unlikely to be significant given the relatively small volume compared to the total shares outstanding.

Key Dates

Keywords

On Semiconductor, insider trading, stock sale, executive, Simon Keeton, share transaction, Form 4