August was share deal time for NXP Semiconductor executives
Directors of NXP Semiconductors NV (Eindhoven, The Netherlands) have also benefitted from a series of share deals reported in May and late July and August.
The disposals were reported as changes in beneficial ownership of the company on forms required by the US Securities and Exchange Commission.
Peter Kelly, chief financial officer, had the largest transaction value disposing of shares at different values around $200 per share since May 26 to raise about US$46 million.
Since late July NXP CEO Kurt Sievers has disposed of shares in dealings with an aggregate value of about US$30 million.
Other beneficiaries were: Stephen Owen, executive vice president of sales and marketing (shares disposed of for about $10.5 million); Jennifer Wuamett, executive vice president and general counsel (about $6.5 million) and Christopher Jensen, executive vice president of human resources (about $1 million).
Some filings show that executives acquired shares priced at $0 and then immediately sold a portion of the tranche of shares at market value.
Share options, where executives are allowed to buy shares at below the market price, are a standard practice.
The directors of the company acquired and disposed shares in this way in late May for smaller amounts.
NXP Semiconductors was approached for comment but did not reply by the time this story was posted.
Date Individual Sum raised
May 27 Peter Kelly , CFO $ 4.96 million
July 28 Jennifer Wuamett, EVP, General Counsel $ 499,514
July 28 Peter Kelly, CFO $ 844,305
July 28 Kurt Sievers CEO $ 2.78 million
July 28 Stephen Owen, EVP sales & marketing $ 733,171
July 28 Christopher Jensen, EVP human resources $ 155,390
Aug 3 Jennifer Wuamett, EVP and General Counsel $ 4.97 million
Aug 3 Kurt Sievers, CEO $ 21.7 million
Aug 3 Stephen Owen, EVP sales & marketing $ 7.3 million
Aug 3 Peter Kelly, CFO $ 8.4 million
Aug 3 Christopher Jensen, EVP human resources $ 912,656
Aug 6 Jennifer Wuamett, EVP and General Counsel $ 1.04 million
Aug 11 Josef Kaeser, director $ 2.18 million
Aug 11 Stephen Owen, EVP sales & marketing $ 2.52 million
Aug 25 Ken Goldman, director $ 526,931
Aug 30 Kurt Sievers, CEO $ 5.82 million
Aug 30 Peter Kelly, CFO $ 32.04 million (including some indirectly held)
Source: United States Securities and Exchange Commission.
Approximate totals
Peter Kelly $46.2 million
Kurt Sievers $30.30 million
Stephen Owen $10.55 million
Jennifer Wuamett $6.51 million
Christopher Jensen $1.07 million
Josef Kaeser, $2.18 million
Ken Goldman $0.53 million
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