NXP EVP Hoffmann discloses initial share holdings
NXP Semiconductors N.V. executive Michael Thomas Hoffmann, EVP & General Counsel, filed an initial ownership report on Form 3.
Rhea-AI Filing Summary
NXP Semiconductors N.V. executive Michael Thomas Hoffmann, EVP & General Counsel, filed an initial ownership report on Form 3. He reports direct ownership of 1,188 shares of common stock and 3 additional shares held indirectly through his minor children.
Hoffmann also holds several blocks of restricted stock units (RSUs) that each convert into one share of common stock upon vesting. These RSUs, totaling 1,879, 1,039 and 450 underlying shares, vest in three equal annual installments starting from grant dates in November 2023, November 2024 and October 2025, subject to his award agreements.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Hoffmann Michael Thomas
Role
EVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 3,368 contracts (Direct);
Common Stock — 1,188 shares (Direct);
Common Stock — 3 shares (Indirect, Held by minor children)
Footnotes (4)
- F1. The Restricted Stock Units vest in three equal annual installments on the anniversary of the 11/7/2023 grant date (subject to the terms of the reporting person's award agreement).
- F2. Each Restricted Stock Unit represents the conditional right to receive one share of common stock.
- F3. The Restricted Stock Units vest in three equal annual installments on the anniversary of the 11/5/2024 grant date (subject to the terms of the reporting person's award agreement).
- F4. The Restricted Stock Units vest in three equal annual installments on the anniversary of the 10/28/2025 grant date (subject to the terms of the reporting person's award agreement).
Key Figures
Direct common stock: 1,188 shares
Indirect common stock: 3 shares
RSU block 1: 1,879 underlying shares
+2 more
5 metrics
Direct common stock
1,188 shares
Directly held common stock after reported holdings
Indirect common stock
3 shares
Common stock held indirectly by minor children
RSU block 1
1,879 underlying shares
Restricted stock units granted 11/7/2023, vest over three years
RSU block 2
1,039 underlying shares
Restricted stock units granted 11/5/2024, vest over three years
RSU block 3
450 underlying shares
Restricted stock units granted 10/28/2025, vest over three years
Key Terms
Restricted Stock Unit, conditional right, award agreement
3 terms
Restricted Stock Unit financial
"The Restricted Stock Units vest in three equal annual installments on the anniversary of the 11/7/2023 grant date"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
conditional right financial
"Each Restricted Stock Unit represents the conditional right to receive one share of common stock."
award agreement financial
"subject to the terms of the reporting person's award agreement"
An award agreement is a legal contract that spells out the terms of a pay or equity grant—such as stock options, restricted shares, or cash bonuses—given to an employee, director or consultant. It describes what is being granted, any conditions for keeping it (for example, earning it over time or meeting performance targets), and what happens if the person leaves or breaks rules. Investors care because these agreements affect company costs, potential share dilution and how executives are motivated and rewarded.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Michael Thomas Hoffmann’s Form 3 for NXPI disclose?
The filing shows EVP & General Counsel Michael Thomas Hoffmann’s initial ownership in NXP Semiconductors, including 1,188 directly held common shares, 3 shares held by his minor children, and multiple restricted stock unit awards that will vest over time into additional common stock.
What restricted stock units are reported in Hoffmann’s NXPI Form 3?
The Form 3 lists restricted stock units tied to 1,879, 1,039 and 450 underlying NXP common shares. Each unit represents a conditional right to receive one share of common stock, subject to time-based vesting and the terms of Hoffmann’s award agreements.
When do Hoffmann’s NXP restricted stock units vest?
His restricted stock units vest in three equal annual installments from grant dates in November 2023, November 2024 and October 2025. Vesting remains subject to the conditions in his award agreements, which typically include continued service and other standard equity award terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
