ON Semiconductor's Outside Directors to Receive RSU Compensation Ahead of Shareholders' Meeting

On May 14, U.S. semiconductor company ON Semiconductor Corp (Nasdaq: ON) granted each of its independent directors—Paul Anthony Mascarenas, Christine Y. Yan, and Susan K. Carter—restricted stock units (RSUs) equivalent to 1,986 shares.

These RSUs will vest in full the day before the next annual shareholders’ meeting, with actual share delivery deferred at each director’s election. As a result, their direct equity stakes increased slightly without any cash purchases or sales. According to the company’s filing, this award is part of the routine equity-based compensation for board members.

In its May 4 announcement of first-quarter fiscal 2026 results, ON Semiconductor reported revenue of $1.513 billion (approximately KRW 2 trillion), a GAAP operating margin of –3.5%, and non-GAAP earnings per share of $0.64.

On May 6, the company also finalized terms for a private placement of $1.3 billion (roughly KRW 1.8 trillion) zero-coupon convertible senior notes to fund future investments and support its financial strategy.

Headquartered in Scottsdale, Arizona, ON Semiconductor is a Nasdaq-listed power and imaging semiconductor company serving automotive, industrial, and AI data-center markets. The company has been expanding its global manufacturing footprint—boosting investments in silicon carbide and gallium nitride power semiconductors and expanding its production facility in Bucheon, South Korea.