Form 4: On Semiconductor Executive Sudhir Gopalswamy Reports Stock Transaction
SEC Form 4 Filing
Sudhir Gopalswamy, Group President at On Semiconductor, reported the disposal of 3,300 common shares to cover taxes due upon the vesting of restricted stock units on March 7, 2024.
Summary
- On March 7, 2024, Sudhir Gopalswamy, Group President at On Semiconductor Corp, disposed of 3,300 common shares.
- The transaction was executed to cover taxes due upon the vesting of restricted stock units.
- The price per share was $82.96.
- Following the transaction, Gopalswamy directly owns 104,787 common shares.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a routine transaction for tax purposes and doesn't indicate a significant change in the executive's confidence in the company.
Industry Context
Form 4 filings are standard disclosures required by the SEC when corporate insiders, like Sudhir Gopalswamy, transact in their company's stock. These filings provide transparency to the market regarding the buying and selling activities of individuals with access to non-public information.
Key Dates
| Date | Description |
|---|---|
| 03/07/2024 | Date of stock disposal transaction |
| 03/08/2024 | Date of signature on the Form 4 filing |
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