Form 4: On Semiconductor Executive Simon Keeton Reports Changes in Beneficial Ownership

Simon Keeton, Group President of PSG at On Semiconductor, reports changes in beneficial ownership of company stock due to tax withholding and employee stock purchase plan acquisition.

Summary

• On July 1, 2024, Simon Keeton, Group President, PSG of ON Semiconductor Corp, reported changes in beneficial ownership of the company's common stock.
• 218 shares were disposed of to cover taxes due upon the vesting of restricted stock units at a price of $69.18.
• Keeton also acquired an additional 160 shares under the Issuer's Employee Stock Purchase Plan since his last Section 16 filing.
• Following the reported transaction, Keeton beneficially owns 262,031 shares of ON Semiconductor Corp.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to tax obligations and participation in an employee stock purchase plan. There's no indication of significant positive or negative sentiment.

Positives

• Keeton acquired 160 shares through the Employee Stock Purchase Plan, indicating confidence in the company's future.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It allows investors to monitor the actions of key personnel and their sentiment towards the company.

Stakeholder Impact

• The transactions have a minimal impact on stakeholders as they are routine and do not represent a significant change in ownership.

Key Dates