Equity awards to Onto Innovation (ONTO) SVP detailed in Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Chen Shirley reported acquisition or exercise transactions in this Form 4 filing.
Onto Innovation SVP Customer Success Shirley Chen reported equity awards that increase her direct ownership stake. On March 2, 2026, she received grants of performance stock units and 2,523 shares of common stock at a grant price of $0.00 per share.
The common stock grant is structured as restricted stock units that vest in three equal annual installments over three years from the award date. The performance stock units represent a target number of shares, with the actual amount that vests ranging from 0% to 200% based on specified performance criteria over the award period.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Chen Shirley
Role
SVP Customer Success
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Stock Unit | 1,261 | $0.00 | -- |
| Grant/Award | Performance Stock Unit | 1,261 | $0.00 | -- |
| Grant/Award | Common Stock | 2,523 | $0.00 | -- |
Holdings After Transaction:
Performance Stock Unit — 1,261 shares (Direct);
Common Stock — 15,517 shares (Direct)
Footnotes (1)
- The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one (1) share of ONTO Common Stock. The RSUs vest on an annual basis, in equal 1/3rd increments, over a three-year period from the award date. The Reporting Person was granted performance stock units ("PSUs"), each of which represents a contingent right to receive one share of ONTO common stock. The number of PSUs reported represents the target number of PSUs under the award. The number of PSUs that vest, if any, may vary from 0% to 200% of the target number shown, and is based on specific performance criteria from the award date through the expiration date.
FAQ
What insider transactions did Onto Innovation (ONTO) report for Shirley Chen?
Onto Innovation reported that SVP Customer Success Shirley Chen received equity awards on March 2, 2026. She was granted restricted stock units covering 2,523 shares of common stock and additional performance stock units, all at a grant price of $0.00 per share.
How do Shirley Chen’s Onto Innovation restricted stock units vest?
Her restricted stock units vest over three years in equal one-third annual installments from the award date. This means one-third of the 2,523 common shares underlying the RSUs become deliverable each year, encouraging continued service and long-term alignment with Onto Innovation’s performance.
What are the terms of Onto Innovation performance stock units granted to Shirley Chen?
The performance stock units each represent a contingent right to receive one share of Onto common stock. The number that ultimately vests can range from 0% to 200% of the target amount, depending on specific performance criteria measured from the award date through the stated expiration date.