NXP Semiconductors N.V.·4

Jun 12, 6:10 AM ET

SUMME GREGORY L 4

Research Summary

AI-generated summary

Updated

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.