ON Semiconductor (NASDAQ: ON) officer uses 470 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ON Semiconductor Group President Sudhir Gopalswamy reported a small tax-related share disposition. 470 common shares were withheld at $127 per share to cover taxes due on vesting of restricted stock units. After this, he directly holds 173,588 shares, including 115 shares acquired through the Employee Stock Purchase Plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GOPALSWAMY SUDHIR
Role
Group President, AMG & ISG
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common | 470 | $127.00 | $60K |
Holdings After Transaction:
Common — 173,588 shares (Direct, null)
Footnotes (1)
- Represents shares withheld to cover taxes due upon the vesting of restricted stock units. Includes an additional 115 shares that were acquired by the Reporting Person under the Issuer's Employee Stock Purchase Plan since his last Section 16 filing.
Key Figures
Shares withheld for taxes: 470 shares
Withholding price per share: $127.00 per share
Shares held after transaction: 173,588 shares
+1 more
4 metrics
Shares withheld for taxes
470 shares
Tax-withholding disposition on common stock
Withholding price per share
$127.00 per share
Value used for tax-withholding shares
Shares held after transaction
173,588 shares
Direct common stock holdings following Form 4
Additional ESPP shares
115 shares
Acquired under Employee Stock Purchase Plan since last filing
Key Terms
restricted stock units, Employee Stock Purchase Plan, tax-withholding disposition
3 terms
restricted stock units financial
"Represents shares withheld to cover taxes due upon the vesting of restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Employee Stock Purchase Plan financial
"Includes an additional 115 shares that were acquired by the Reporting Person under the Issuer's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
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.
FAQ
What insider transaction did ON (ON Semiconductor) report for Sudhir Gopalswamy?
ON Semiconductor reported a tax-withholding disposition for executive Sudhir Gopalswamy. The company withheld 470 common shares at $127 per share to cover taxes due upon vesting of restricted stock units, a routine non-market transaction.
Was the ON (ON Semiconductor) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. 470 shares were withheld by the company at $127 per share to satisfy tax obligations triggered when restricted stock units vested.