ON Semiconductor (ON) CFO logs RSU grant and share withholding for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Thad Trent
Role
Exec VP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common | 10,383 | $69.11 | $718K |
| Grant/Award | Common | 36,175 | $0.00 | -- |
| Tax Withholding | Common | 4,173 | $69.11 | $288K |
Holdings After Transaction:
Common — 361,079 shares (Direct)
Footnotes (1)
- 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. Represents shares withheld to cover taxes due upon the vesting of restricted stock units.
FAQ
What insider transactions did ON (ON) CFO Thad Trent report?
ON’s CFO Thad Trent reported receiving 36,175 shares of common stock as a restricted stock unit grant and disposing of 14,556 shares to cover taxes due on RSU vesting, through stock withholding rather than open-market sales.
Was the ON (ON) insider transaction a stock sale in the market?
No, the Form 4 shows tax-withholding dispositions, not open-market sales. A total of 14,556 shares were withheld at $69.11 per share to satisfy tax liabilities triggered by restricted stock unit vesting, rather than being sold in discretionary market transactions.
How do ON (ON) restricted stock units granted to the CFO vest?
The restricted stock units granted to the CFO vest in three equal annual installments. Vesting begins on the first anniversary of the grant date and continues annually, provided he remains employed through each applicable vesting date, aligning compensation with ongoing service at ON Semiconductor.