On May 27, 2022 (the “ Effective Date”), Vincent C. Hopkin, Executive Vice President and General Manager, Advanced Solutions Group for ON Semiconductor Corporation, informed the Company's Board of Directors of his intention to step down from his officer positions with onsemi, effective immediately, and will retire from all positions with onsemi effective July 31, 2022 (the “ Retirement Date”). Robert Tong, a Senior Vice President and direct report of Mr. Hopkin who has served as General Manager of the Mobile, Computing and Cloud Division of ASG since 2019, will assume Mr. Hopkin's duties as the senior officer in charge of ASG effective as of the Effective Date. Mr. Tong joined onsemi in 2008 through its acquisition of AMI Semiconductor, where he served as senior vice president of its medical division.

Prior to AMI Semiconductor, he was the president and CEO of Dspfactory. Upon his retirement, Mr. Hopkin will be entitled to receive the retirement-related benefits and compensation previously disclosed in the Company's filings with the Securities and Exchange Commission. In addition, the Human Capital and Compensation Committee of the Board approved the acceleration of vesting for the remainder of the time-based restricted stock units granted to him in 2021, effective as of the Effective Date, although those awards will continue to pay out according to their original schedule.

All other unvested equity awards held by him, including the entirety of his 2022 equity grant, will be forfeited on the Retirement Date.