NXP Semiconductors N.V.·4

Jun 12, 6:11 AM ET

Foxx Anthony R 4

Research Summary

AI-generated summary

Updated

NXP (NXPI) Director Anthony R. Foxx Exercises RSUs; 513 Shares Withheld

What Happened

  • Anthony R. Foxx, a director of NXP Semiconductors (NXPI), had 1,035 restricted stock units (RSUs) convert into common shares on 2026-06-10. The conversion shows an exercise/ conversion price of $0 (typical for RSU vesting). To satisfy tax withholding, 513 of those shares were withheld at $297.41 per share for a withholding value of approximately $152,571. Net shares delivered to Foxx from this conversion were 522 (1,035 converted minus 513 withheld). On the same date he was also granted 841 new RSUs (no cash paid).

Key Details

  • Transaction date: 2026-06-10; Form filed 2026-06-12 (filing appears timely).
  • Conversion/vesting: 1,035 RSUs converted to shares (exercise/conversion code M; $0 price).
  • Tax withholding: 513 shares withheld (code F) at $297.41 each, totaling about $152,571.
  • Net shares delivered from vesting: 522.
  • New award: 841 RSUs granted (code A) on 06/10/2026.
  • Footnotes: F1/F3 — each RSU = right to one common share; F2/F4 — vesting schedule: prior RSUs vest per earlier grant terms; the new RSUs vest 100% on the earlier of the first anniversary of 06/10/2026 and the next annual shareholders’ meeting.
  • Shares owned after transaction: not specified in the filing excerpt provided.

Context

  • This was a standard RSU vesting and tax-withholding event (not a market buy or discretionary sale). The $0 exercise price indicates these were RSU conversions rather than option purchases. Withholding of shares to cover taxes is a routine administrative step and does not necessarily indicate a change in insider sentiment.