ONTO Innovation (NASDAQ: ONTO) director awarded 761 RSUs as equity compensation
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SEAMS CHRISTOPHER A reported acquisition or exercise transactions in this Form 4 filing.
ONTO Innovation Inc. director Christopher A. Seams received an equity grant of 761 shares of common stock as restricted stock units. The award was at no cash cost per share and increases his directly held stake to 38,513 shares. All 761 RSUs vest in full one year from the grant date, meaning he will receive the underlying shares only if he remains eligible through that time.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SEAMS CHRISTOPHER A
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 761 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 38,513 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 761 shares
Grant price: $0.00 per share
Post-transaction holdings: 38,513 shares
+1 more
4 metrics
RSU grant size
761 shares
Restricted stock units awarded to director Christopher A. Seams
Grant price
$0.00 per share
Stated transaction price for RSU award
Post-transaction holdings
38,513 shares
Total common shares held directly after grant
Vesting schedule
100% after one year
All 761 RSUs vest one year from grant date
Key Terms
restricted stock units ("RSUs"), contingent right, vest
3 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one (1) share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"each of which represents a contingent right to receive one (1) share of ONTO Common Stock"
vest financial
"100% of the shares of Common Stock subject to the RSU vest one (1) year from the grant date"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did ONTO director Christopher Seams report on this Form 4 for ONTO?
Christopher A. Seams reported receiving an equity award of 761 shares of ONTO Innovation common stock in the form of restricted stock units. These RSUs were granted at no cash cost and represent additional compensation rather than an open-market share purchase.
What are the key terms of the restricted stock units granted to ONTO director Seams?
The grant consists of 761 restricted stock units, each representing one share of ONTO common stock. According to the terms, 100% of these RSUs vest one year from the grant date, creating a contingent right that depends on satisfying continued service conditions.
When will the 761 ONTO RSUs granted to Christopher Seams vest?
All 761 restricted stock units granted to Christopher A. Seams vest in a single tranche one year from the grant date. At that time, each RSU converts into one share of ONTO common stock, assuming the vesting conditions remain satisfied throughout the period.