Trent Thad - Feb 1, 2024 Form 4 Insider Report for ON SEMICONDUCTOR CORP (ON)

Role
Exec VP & CFO
Signature
/s/ Hope M. Spencer, Attorney-in-Fact
Stock symbol
ON
Transactions as of
Feb 1, 2024
Transactions value $
-$809,445
Form type
4
Date filed
2/5/2024, 05:01 PM
Previous filing
Jan 30, 2024
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ON Common Award $0 +45.6K +15.37% $0.00 342K Feb 1, 2024 Direct F1
transaction ON Common Award $0 +15.1K +4.4% $0.00 357K Feb 1, 2024 Direct F2
transaction ON Common Tax liability -$809K -11.4K -3.2% $70.83 346K Feb 2, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the subset of an award of performance-based restricted stock units, originally granted to the Reporting Person on February 20, 2023, that were earned based on the Issuer's performance as measured against the underlying metrics. These units will vest in three annual installments beginning on February 6, 2024, subject to the Reporting Person's continued employment through the applicable vesting date.
F2 Represents the subset of an award of performance-based restricted stock units, originally granted to the Reporting Person on February 10, 2022, that (a) were earned based on the Issuer's performance as measured against the underlying metrics and (b) will vest on February 2, 2024.
F3 Represents shares withheld to cover taxes due upon the vesting of performance-based restricted stock units.