Trent Thad - Feb 15, 2022 Form 4 Insider Report for ON SEMICONDUCTOR CORP (ON)

Signature
/s/ Lauren C. Bellerjeau, Attorney-in-Fact
Stock symbol
ON
Transactions as of
Feb 15, 2022
Transactions value $
-$1,193,763
Form type
4
Date filed
2/17/2022, 04:13 PM
Previous filing
Feb 14, 2022
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ON Common Award $0 +43K +41.06% $0.00 148K Feb 15, 2022 Direct F1
transaction ON Common Tax liability -$1.19M -19.2K -12.98% $62.24 129K Feb 15, 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance-based restricted stock units, granted under the Issuer's Amended and Restated Stock Incentive Plan on February 16, 2021, for which the Reporting Person has satisfied the applicable performance conditions. The award was for no consideration other than service as an officer of the Issuer.
F2 This transaction represents shares withheld by the Issuer in connection with the vesting of certain performance-based restricted stock units granted to the Reporting Person on February 16, 2021 pursuant to the Issuer's Amended and Restated Stock Incentive Plan and the related award agreement. These shares were withheld to satisfy the Reporting Person's tax withholding obligations. The Issuer will pay these taxes on behalf of the Reporting Person.