MASCARENAS PAUL ANTHONY 4

What Happened

• Paul Anthony Mascarenas, a director of ON Semiconductor Corp (ON), was issued 168 shares of common stock on April 3, 2026 as an award (code A) valued at $62.19 per share, for a total of $10,448.
• The shares were issued fully vested and were granted in lieu of a portion of his quarterly cash retainer based on a prior election by the reporting person. This is a compensation issuance rather than an open-market purchase or sale.

Key Details

• Transaction date: April 3, 2026; Filing date: April 6, 2026.
• Price per share reported: $62.19; Total value: $10,448.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: F1 states these are fully vested shares issued in lieu of part of his Q1 2026 cash retainer per the director’s prior election.
• No indication in the filing that this was part of a 10b5-1 plan, option exercise, tax withholding, or a late-report designation.

Context

• This was a compensation award (shares issued instead of cash retainer), which is routine for directors and reflects pay-choice mechanics rather than a market-timing signal.
• Because the shares are fully vested upon issuance, Mascarenas immediately became the beneficial owner of these shares. The transaction size is modest relative to typical insider buys/sells.