Yan Christine Y 4

What Happened
Christine Y. Yan, a director of ON Semiconductor Corp (ON), was granted 1,986 restricted stock units (RSUs) on May 14, 2026. The award was reported on Form 4 with a grant price of $0.00 (typical for RSU grants); no cash changed hands at grant. Issuance of the underlying shares will be deferred per the reporting person's election.

Key Details

• Transaction date: 2026-05-14; filing date: 2026-05-18 (filed timely).
• Transaction type/code: A — Award/Grant.
• Shares granted: 1,986 RSUs; reported acquisition value: $0.00.
• Shares owned after transaction: Not specified in the filing.
• Footnote: RSUs granted under the Issuer's Amended and Restated Stock Incentive Plan; vest the day prior to the Issuer's next Annual Meeting of Stockholders, with issuance deferred per the reporting person's election.
• Filing signed on behalf of the reporting person by Hope M. Spencer under a Power of Attorney (Exhibit 24).

Context
RSUs are a form of equity compensation that convert to shares if and when they vest; they are common for directors and executives and do not represent an open‑market purchase or sale. This grant appears to be routine compensation rather than a market-timing trade.