ON Semiconductor Insider Sales: Executive Keeton Simon Dumps 5,000 Shares Amid 12% Weekly Rally, Tax‑Cover Moves Keep Bullish Sentiment High

Insider Selling Signals at ON Semiconductor

The latest filing shows that Group President Keeton Simon sold 5,032 shares of ON Semiconductor on 10 Feb 2026, a transaction that took place at the market‑close price of $70.62. This sale follows a pattern of frequent buying and selling by Simon in the past two months, most notably a $65.20‑price sale on 6 Feb and a $55.72‑price double sale on 4 Dec 2025. The current trade was executed for tax‑cover purposes related to performance‑based restricted‑stock units, but the timing coincides with a 11.9 % weekly jump in the share price and a 36 % year‑to‑date gain, underscoring a market that remains highly bullish.

What This Means for Investors

Simon’s recent sale does not appear to be a sign of impending weakness. The transaction volume is modest—about 0.07 % of the company’s free float—and it was triggered by tax‑coverage needs rather than a valuation assessment. Moreover, the company’s overall insider activity remains predominantly bullish: the CEO and CFO have each executed multiple sales, but these are offset by a strong buying spree earlier in February (e.g., the CEO’s 90,966‑share purchase on 5 Feb). The net insider holding across the board is still robust, with senior executives maintaining multi‑million‑share positions. For the short term, the market’s 12 % weekly rally and 18 % monthly upside suggest continued momentum; for the long term, ON Semiconductor’s solid fundamentals—high revenue growth, expanding product portfolio, and a $224.48 P/E—reinforce its positioning in the semiconductor space.

Keeton Simon – A Profile of a Strategic Investor

Keeton Simon has been a steady presence on ON’s board since 2023 and has consistently used his insider status to adjust his stake in line with company performance and personal tax planning. Over the last six months, he has executed 10 trades: six purchases totaling 37,377 shares at no cost (reflecting vesting of RSUs) and four sales totaling 39,264 shares at market prices ranging from $55.72 to $65.20. His average holding period is short—typically less than a month between a buy and a sell—indicating a tactical approach rather than a long‑term accumulation strategy. This pattern aligns with his role in PSG, where performance metrics are closely tied to equity compensation. Investors should view Simon’s activity as a tactical realignment rather than a signal of confidence decline.

Looking Ahead

ON Semiconductor is navigating a dynamic industry where demand for power‑efficient chips is rising. The recent insider activity, while noteworthy, does not alter the company’s strong upside trajectory. Market participants should focus on broader sector trends—such as AI workloads and automotive semiconductor demand—and ON’s capacity to deliver on its product roadmap. For those monitoring insider sentiment, the high social‑media buzz (over 200 %) coupled with a positive sentiment score (+92) suggests that the market narrative remains upbeat, even as executives manage personal tax obligations. Overall, the company’s robust financials and sustained insider confidence bode well for investors looking for exposure to the semiconductor value ladder.