Form 4: On Semiconductor Executive Sudhir Gopalswamy Reports Stock Transaction
SEC Form 4 Filing
Sudhir Gopalswamy, Group President at On Semiconductor, reports the disposal of 469 common shares to cover taxes due upon the vesting of restricted stock units on May 26, 2024.
Summary
- On May 26, 2024, Sudhir Gopalswamy, Group President at On Semiconductor, disposed of 469 common shares.
- The transaction was executed to cover taxes due upon the vesting of restricted stock units.
- The price per share was $72.56.
- Following the transaction, Gopalswamy directly owns 115,681 common shares.
Sentiment
Score: 5
Explanation: This is a neutral report of a routine stock transaction related to executive compensation. It doesn't indicate any positive or negative sentiment towards the company's performance.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from the vesting of restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 05/26/2024 | Date of the stock transaction (disposal of shares). |
| 05/29/2024 | Date of signature for the Form 4 filing. |
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