Keeton Simon (PSG Group President, ON) sold 48.9K shares at blended avg $71.75 for $3.5M on 2026-02-17
Keeton Simon executed 2 separate sales totaling 48,860 shares for $3,505,698.73, reducing his holding by -19.7% from 247,855 to 198,995 shares. The transaction occurred near the 52-week high ($72.21 range), with the blended average price of $71.75 only 1.5% below the peak. Examining his prior trades at ON Semiconductor, 4 of 4 measurable sells were well-timed at the 90-day mark, with negative 90-day returns (-22.0%, -0.1%, -9.9%, -5.4%), suggesting a pattern of selling ahead of declines. The company faces significant headwinds: annual revenue declined -15.4% year-over-year, net income stands at $255.0M on $1.6B quarterly revenue, and the P/E ratio of 243.66 indicates elevated valuation relative to earnings. The 30-day gain of +17.1% and 90-day surge of +57.4% preceding this sale align with the historical timing pattern observed in his ON Semiconductor transactions.