Onto Innovation (ONTO) COO receives PSU shares, covers taxes in stock
Rhea-AI Filing Summary
Onto Innovation Inc. Chief Operating Officer Ramil Yaldaei reported equity award activity tied to performance and tax withholding. On March 1, 2026, performance stock units granted on March 1, 2024 settled in common shares after performance criteria were met at 77% of target. Some of the resulting shares were automatically withheld by the company at a price of $215.89 per share to cover tax obligations, rather than being sold on the open market. After these settlement and withholding transactions, Yaldaei directly owned 11,368 shares of Onto Innovation common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 26 shares
Net Buy
4 txns
Insider
YALDAEI RAMIL
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 844 | $0.00 | $0.00 |
| Exercise | Common Stock | 649 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 347 | $215.89 | $75K |
| Exercise Price or Tax Liability | Common Stock | 276 | $215.89 | $60K |
Holdings After Transaction:
Performance Stock Unit — 0 shares (Direct);
Common Stock — 11,368 shares (Direct)
Footnotes (2)
- F1. This transaction represents the settlement of performance stock units ("PSUs") granted on March 1, 2024 in shares of common stock of Onto Innovation Inc. on their scheduled vesting date of March 1, 2026 as a result of the satisfaction of the performance criteria at 77% of the target.
- F2. Represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock unit or performance stock unit grants previously received by the Reporting Person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Onto Innovation (ONTO) report for COO Ramil Yaldaei?
Onto Innovation reported that COO Ramil Yaldaei had performance stock units settle into common shares, with a portion of those shares withheld by the company to satisfy tax obligations related to the vesting, rather than sold in open-market transactions.
What are the key details of the performance stock units in Onto Innovation (ONTO) Form 4?
The Form 4 shows performance stock units granted on March 1, 2024 settled into Onto Innovation common shares on March 1, 2026, after performance criteria were met at 77% of target, triggering the scheduled vesting and share delivery to the COO.
How were taxes handled on the Onto Innovation (ONTO) COO’s vested equity awards?
To satisfy tax withholding obligations from the vesting of restricted or performance stock units, Onto Innovation withheld some of the COO’s common shares at a per-share value of $215.89, instead of requiring a separate cash payment for the related tax liability.