NXP Semiconductors (NXPI) sales chief exercises RSUs, withholds shares for tax
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NXP Semiconductors N.V. executive vice president and chief sales officer Andrew Hardy reported routine equity compensation activity. He exercised 4,880 Restricted Stock Units, receiving the same number of common shares. To cover tax obligations, 2,483 common shares were disposed of as a tax-withholding transaction, not an open-market sale. Following these transactions, he directly holds 6,900 shares of common stock. No derivative awards remain from this RSU grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
4,880 shares exercised/converted
Mixed
3 txns
Insider
Hardy Andrew
Role
EVP, Chief Sales Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 4,880 | $0.00 | -- |
| Exercise | Common Stock | 4,880 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,483 | $289.25 | $718K |
Holdings After Transaction:
Restricted Stock Unit — 0 shares (Direct, null);
Common Stock — 6,900 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit represents the conditional right to receive one share of common stock. The Restricted Stock Units vest in two equal annual installments on the anniversary of the 4/30/2024 grant date (subject to the terms of the reporting person's award agreement).
Key Figures
RSUs exercised: 4,880 shares
Tax-withholding shares: 2,483 shares
Tax-withholding reference price: $289.25 per share
+2 more
5 metrics
RSUs exercised
4,880 shares
Restricted Stock Units converted to common stock on April 30, 2026
Tax-withholding shares
2,483 shares
Common shares disposed to satisfy tax obligations
Tax-withholding reference price
$289.25 per share
Value used for 2,483-share tax-withholding disposition
Shares held after transactions
6,900 shares
Common stock directly owned by Andrew Hardy after Form 4
RSU derivative balance
0 units
Restricted Stock Units remaining from this grant after conversion
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, derivative security, +1 more
5 terms
Restricted Stock Unit financial
"Each Restricted Stock Unit represents the conditional right to receive one share of common stock."
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.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
What insider transactions did NXP Semiconductors (NXPI) report for Andrew Hardy?
Andrew Hardy exercised 4,880 Restricted Stock Units into common shares and had 2,483 shares withheld to cover taxes. These are routine compensation-related transactions rather than open-market trades, reflecting vesting of prior equity awards at NXP Semiconductors.
Were Andrew Hardy’s NXP (NXPI) transactions open-market buys or sells?
The filing shows no open-market buys or sells. Shares were acquired through exercising 4,880 Restricted Stock Units and 2,483 shares were disposed of solely to satisfy tax liabilities, a non-market tax-withholding mechanism typical for equity compensation.
What do the Restricted Stock Units in the NXP (NXPI) Form 4 represent?
Each Restricted Stock Unit represented the conditional right to receive one NXP common share. The RSUs in this filing vested in two equal annual installments from the April 30, 2024 grant date, then converted into 4,880 common shares on April 30, 2026.