ONTO Innovation (ONTO) director receives 761 restricted stock units in equity grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONTO Innovation director Su May reported receiving a grant of 761 shares of Common Stock in the form of restricted stock units. These RSUs vest 100% one year from the grant date and each unit converts into one share when settled. After this award, May holds 7,984 shares directly. The reporting person elected to defer settlement of these RSUs under the Onto Innovation Nonqualified Deferred Compensation Plan, so once vested the shares will be issued according to that deferral election.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Su May
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 761 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 7,984 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 761 shares
Grant price: $0.00 per share
Shares after transaction: 7,984 shares
+1 more
4 metrics
RSU grant size
761 shares
Restricted stock units granted to director Su May
Grant price
$0.00 per share
Compensation-related RSU award, no cash paid
Shares after transaction
7,984 shares
Su May’s direct Common Stock holdings following grant
Vesting period
1 year
100% of RSUs vest one year from grant date
Key Terms
restricted stock units ("RSUs"), Nonqualified Deferred Compensation Plan, vest
3 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right..."
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.
Nonqualified Deferred Compensation Plan financial
"The Reporting Person has elected to defer settlement of these RSUs pursuant to the Onto Innovation Nonqualified Deferred Compensation Plan."
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 did ONTO director Su May report in this Form 4 filing?
Director Su May reported an acquisition of 761 shares of ONTO Innovation Common Stock through a restricted stock unit award. The grant represents compensation, not an open-market purchase, and increases her directly held position to 7,984 shares after the transaction.
When do Su May’s newly granted ONTO RSUs vest?
All 761 restricted stock units vest 100% one year from the grant date. This means the entire award becomes earned at that one-year mark, after which the vested RSUs will be settled into shares based on her deferral election under the company’s compensation plan.
What is the deferral election mentioned in Su May’s ONTO RSU grant?
Su May elected to defer settlement of these RSUs under the Onto Innovation Nonqualified Deferred Compensation Plan. Once the 761 units vest after one year, the actual shares of Common Stock will be issued according to the timing and terms set in her deferral election.