SUMME GREGORY L 4
4 · NXP Semiconductors N.V. · Filed Jun 12, 2026
Research Summary
AI-generated summary of this filing
NXP (NXPI) Director Gregory L. Summe Exercises RSUs and Has Shares Withheld
What Happened
- Gregory L. Summe, a director of NXP Semiconductors (NXPI), had restricted stock units (RSUs) convert/exercise on June 10, 2026. A total of 1,035 RSUs were converted into common shares. To satisfy tax withholding, 513 of those shares were surrendered/disposed at $297.41 per share, totaling $152,571. The filing also shows a new grant of 841 RSUs to Summe on the same date.
Key Details
- Transaction dates: June 10, 2026; Form filed June 12, 2026 (appears timely).
- Conversions/exercises: 1,035 RSUs converted (report shows acquisition of shares from derivative conversion).
- Tax withholding: 513 shares withheld/disposed at $297.41 each for $152,571 (code F).
- New award: 841 RSUs granted (code A) — see footnote on vesting schedule.
- Footnotes: RSUs represent the conditional right to one share (F1, F3). Vesting schedules cited: earlier of first anniversary of grant and next annual shareholders’ meeting (F2, F4).
- Shares owned after the transactions are not specified in the provided data.
Context
- This appears to be a routine RSU vesting/conversion with a share-for-tax withholding rather than an open-market sale or purchase. The withholding (code F) is a common way to cover tax obligations on vested RSUs (a cashless settlement), and a new RSU grant (code A) was also reported. These actions are administrative and do not necessarily signal a change in the director’s market view.
Insider Transaction Report
Form 4
SUMME GREGORY L
Director
Transactions
- Exercise/Conversion
Common Stock
2026-06-10+1,035→ 9,157.896 total - Tax Payment
Common Stock
2026-06-10$297.41/sh−513$152,571→ 8,644.896 total - Exercise/Conversion
Restricted Stock Unit
[F1][F2]2026-06-10−1,035→ 0 total→ Common Stock (1,035 underlying) - Award
Restricted Stock Unit
[F3][F4]2026-06-10+841→ 841 total→ Common Stock (841 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit represents the conditional right to receive one share of common stock.
- [F2]The Restricted Stock Units vest 100% on the earlier of the first anniversary of the 6/11/2025 grant date and the date of the next annual general meeting of the shareholders of NXP Semiconductors N.V.
- [F3]Each Restricted Stock Unit represents the conditional right to receive one share of the common stock.
- [F4]The Restricted Stock Unit vests 100% on the earlier of the first anniversary of the 06/10/2026 grant date and the date of the next annual general meeting of the shareholders of NXP Semiconductors N.V.
Signature
/s/ Gregory L Summe by Timothy Shelhamer under Power of Attorney|2026-06-12