ON CFO awarded shares, covers RSU taxes in stock
ON Semiconductor’s Executive VP & CFO Thad Trent reported equity compensation activity and related tax withholding in company stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Filing Summary
ON Semiconductor’s Executive VP & CFO Thad Trent reported equity compensation activity and related tax withholding in company stock. He acquired 36,175 shares of common stock as a grant of time-based restricted stock units that vest in three equal annual installments, subject to continued employment.
To cover taxes due upon RSU vesting, a total of 14,556 common shares (10,383 shares and 4,173 shares) were disposed of as stock withheld at a price of $69.11 per share, a tax-withholding disposition rather than an open-market sale.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common | 10,383 | $69.11 | $718K |
| Grant/Award | Common | 36,175 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common | 4,173 | $69.11 | $288K |
Footnotes (2)
- F1. Represents time-based restricted stock units that will vest in three equal annual installments beginning on the first anniversary of the grant date, subject to the Reporting Person's continued employment through the applicable vesting date.
- F2. Represents shares withheld to cover taxes due upon the vesting of restricted stock units.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did ON (ON) CFO Thad Trent report?
Was the ON (ON) insider transaction a stock sale in the market?
How do ON (ON) restricted stock units granted to the CFO vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.