Form 4: On Semiconductor Executive Sells Shares to Cover Tax Obligations

Simon Keeton, Group President of PSG at On Semiconductor, disposed of shares to cover tax obligations arising from the vesting of restricted stock units and performance-based restricted stock units.

Summary

• Simon Keeton, Group President, PSG of On Semiconductor Corp, disposed of shares to cover tax obligations.
• On February 10, 2025, 1,956 common shares were disposed of at a price of $47.04.
• On February 11, 2025, 5,329 common shares were disposed of at a price of $47.93.
• Following these transactions, Keeton directly owns 226,495 common shares.

Sentiment

Score: 5

Explanation: This is a neutral event. It reflects routine tax-related stock sales by an executive and doesn't inherently indicate positive or negative sentiment about the company's prospects.

Industry Context

This is a routine Form 4 filing, reflecting the standard practice of executives selling shares to cover tax obligations arising from the vesting of stock awards. It's a common occurrence and doesn't necessarily indicate a change in the executive's confidence in the company.

Stakeholder Impact

• The disposal of shares by an executive could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.

Key Dates

Keywords

Form 4, ON Semiconductor, Simon Keeton, Share Disposal, Tax Obligations, Insider Trading