ON Semiconductor Corp. reported an insider ownership change involving Paul Anthony Mascarenas on July 2, 2026. The Form 4 indicates that Mascarenas received shares of ON Semiconductor common stock in connection with his compensation arrangements. According to the filing note, the shares were **fully vested common shares** issued to Mascarenas **in lieu of a portion of his quarterly cash retainers for the second quarter of 2026**. The issuance was made pursuant to a **previously submitted election**, meaning Mascarenas had chosen in advance to receive part of his retainer compensation in stock rather than cash. The filing characterizes the transaction as an ownership change in ON Semiconductor common stock, but the provided document text does not include the Form 4 transaction table showing the exact number of shares issued, the transaction price or valuation, the transaction code, or Mascarenas’s beneficial ownership after the transaction. No sale of shares is described in the available text; the action reported is an equity issuance as director compensation. The filing was signed on Mascarenas’s behalf by Hope M. Spencer, attorney-in-fact. The key takeaway is that Mascarenas increased or otherwise adjusted his ON Semiconductor common stock ownership through a fully vested stock payment tied to his second-quarter 2026 retainer, rather than through an open-market purchase or sale.