ON Semiconductor CFO Sells 80 Billion Won Worth of Shares in Two Days

ON Semiconductor Corp (NYSE: ON) Chief Financial Officer Thad Trent sold a total of 60,000 common shares in the open market over April 23–24, raising approximately US$5.79 million in proceeds, while filings show he continues to hold about US$27.1 million worth of equity. Directors Paul Anthony Mascarenas and Christine Y. Yan each received roughly 2,000 restricted stock units on May 14 as part of their regular compensation; no additional cash purchases or sales were involved in those grants.

In its early May release of first-quarter 2026 results, the company reported revenue in the US$1.5 billion range and delivered earnings per share slightly above analysts’ estimates. At the same time, it announced a US$1.3 billion zero-interest convertible note offering and a roughly US$300 million share buyback plan, emphasizing growth prospects driven by AI data center demand and automotive power semiconductor markets.

Headquartered in Scottsdale, Arizona, ON Semiconductor is a power- and analog-focused semiconductor company that has entered the Fortune 500 in the 2020s. Leveraging strengths in automotive and industrial power devices and image sensors, it stands as one of the leading U.S. semiconductor suppliers.