Insider Sale: ON Semiconductor CEO Disposes 15,000 Shares at ~$51.22
Rhea-AI Filing Summary
El-Khoury Hassane, CEO & President and Director of ON Semiconductor Corp (ON), reported a sale of common stock on 08/13/2025. The filing shows a disposition of 15,000 shares in multiple trades at prices ranging from $51.16 to $51.26, with a weighted average sale price of $51.2173. After the sale, the reporting person beneficially owns 977,814 shares, which includes 255 shares acquired under the company Employee Stock Purchase Plan since his last Section 16 filing. The Form 4 was executed by an attorney-in-fact, Hope M. Spencer.
Positive
- Reporting transparency: Transaction details include dates, price range ($51.16–$51.26), and weighted average price ($51.2173).
- Substantial retained ownership: Reporting person still beneficially owns 977,814 shares after the sale.
Negative
- Insider sale: Disposition of 15,000 shares on 08/13/2025 reduces the reporting person's stake.
- Form executed by attorney-in-fact: Filing signed on behalf of the reporting person rather than by the reporting person directly.
Insights
TL;DR: Insider sold a small portion of holdings; ownership remains substantial at 977,814 shares—limited immediate signal for fundamentals.
The reported sale of 15,000 shares at a weighted average price of $51.2173 represents a modest reduction relative to the reported beneficial ownership of 977,814 shares. The transaction was executed in multiple trades within a tight price band ($51.16–$51.26), indicating routine disposition rather than a large, price-driven exit. No derivative transactions or additional material events are disclosed. Impact on valuation or control is minimal based on the size of this sale alone.
TL;DR: Disclosure appears complete and timely; filing signed by attorney-in-fact and notes ESPP activity.
The Form 4 lists the reporting person as both an officer (CEO & President) and a director, and it reports the transaction date and weighted average price with an explanatory footnote for execution in multiple trades. The filing also discloses 255 additional shares from the Employee Stock Purchase Plan since the last Section 16 filing. Signature by an attorney-in-fact is documented. There are no indications of undisclosed related-party or derivative transactions in this Form 4.