NXP Semiconductors (NXPI) CEO exercises RSUs, uses shares to cover taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NXP Semiconductors CEO Rafael Sotomayor reported routine equity compensation activity involving restricted stock units. He exercised 1,095 Restricted Stock Units into common stock through a derivative exercise, and 400 common shares were disposed of to cover tax obligations via share withholding rather than an open-market sale. The remaining Restricted Stock Units total 2,191 units, which vest in three equal annual installments on each anniversary of the April 29, 2025 grant date, subject to the terms of his award agreement, and are scheduled to expire on April 29, 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,095 shares exercised/converted
Mixed
3 txns
Insider
Sotomayor Rafael
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit | 1,095 | $0.00 | -- |
| Exercise | Common Stock | 1,095 | $0.00 | -- |
| Tax Withholding | Common Stock | 400 | $230.39 | $92K |
Holdings After Transaction:
Restricted Stock Unit — 2,191 shares (Direct, null);
Common Stock — 11,646 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 three equal annual installments on the anniversary of the 4/29/2025 grant date (subject to the terms of the reporting person's award agreement).
Key Figures
Tax-withholding shares: 400 shares
Tax-withholding share value: $230.39 per share
RSUs exercised: 1,095 units
+3 more
6 metrics
Tax-withholding shares
400 shares
Common stock disposed to cover tax liability (code F)
Tax-withholding share value
$230.39 per share
Value applied to 400 shares delivered for taxes
RSUs exercised
1,095 units
Restricted Stock Units converted into common stock (code M)
RSUs remaining
2,191 units
Restricted Stock Units held after reported transactions
RSU grant date
April 29, 2025
Vests in three equal annual installments from this date
RSU expiration date
April 29, 2028
Restricted Stock Units expire if unvested by this date
Key Terms
Restricted Stock Unit, tax-withholding disposition, derivative exercise/conversion, Exercise or conversion of 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""
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
Payment of exercise price or tax liability by delivering securities financial
"transaction_code_description": "Payment of exercise price or tax liability by delivering securities""
FAQ
What insider transactions did NXP Semiconductors (NXPI) report for Rafael Sotomayor?
Rafael Sotomayor exercised 1,095 Restricted Stock Units into common stock and had 400 common shares disposed of to satisfy tax obligations through share withholding, according to the Form 4 insider transaction details.
Were Rafael Sotomayor’s NXP (NXPI) transactions open-market buys or sells?
The filing shows no open-market buys or sells. It records a derivative exercise of 1,095 RSUs and a Form 4 code F tax-withholding disposition of 400 shares, used to pay taxes rather than representing a discretionary market trade.
How many Restricted Stock Units does the NXP (NXPI) CEO still hold after these transactions?
After the reported transactions, Rafael Sotomayor holds 2,191 Restricted Stock Units. These units continue to represent a conditional right to receive common shares, subject to vesting terms and the award agreement conditions outlined in the Form 4 footnotes.
What is the vesting schedule for Rafael Sotomayor’s NXP (NXPI) Restricted Stock Units?
The Restricted Stock Units vest in three equal annual installments on each anniversary of the April 29, 2025 grant date. Vesting remains subject to the terms of Rafael Sotomayor’s individual award agreement as described in the Form 4 notes.
When do Rafael Sotomayor’s NXP (NXPI) Restricted Stock Units expire?
The filing states that the Restricted Stock Units are scheduled to expire on April 29, 2028. Until that expiration date, they can vest according to their three-year installment schedule, after which any unvested units would no longer convert into common shares.