ONTO Innovation (NASDAQ: ONTO) SVP receives stock awards, shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONTO Innovation senior vice president and general counsel Yoon Ah Oh received equity awards and had shares withheld for taxes. On March 2, she was granted 2,408 shares of common stock as restricted stock units that vest in equal one-third installments over three years, plus two performance stock unit awards of 1,204 units each, with actual vesting between 0% and 200% of the target amount based on performance criteria. On March 3, 417 common shares were withheld at $207.50 per share to satisfy tax withholding obligations tied to previously granted RSU or PSU awards, leaving her with 21,640 common shares directly owned afterward.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
OH Yoon Ah
Role
SVP, Gen Counsel & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 417 | $207.50 | $87K |
| Grant/Award | Performance Stock Unit | 1,204 | $0.00 | -- |
| Grant/Award | Performance Stock Unit | 1,204 | $0.00 | -- |
| Grant/Award | Common Stock | 2,408 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 21,640 shares (Direct);
Performance Stock Unit — 1,204 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. 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. 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 equity awards did ONTO (ONTO) executive Yoon Ah Oh receive?
Yoon Ah Oh received 2,408 shares of ONTO common stock as restricted stock units and two performance stock unit awards of 1,204 units each. The RSUs vest in three equal annual installments, while PSU vesting depends on performance goals over the award period.
How do the new ONTO (ONTO) restricted stock units vest for Yoon Ah Oh?
The restricted stock units granted to Yoon Ah Oh vest over three years in equal one-third annual installments. Each RSU represents a contingent right to receive one share of ONTO common stock if the time-based vesting conditions are satisfied across the vesting schedule.
How are ONTO (ONTO) performance stock units for Yoon Ah Oh structured?
Each performance stock unit represents a contingent right to receive one ONTO common share, with the number that ultimately vests ranging from 0% to 200% of the 1,204-unit target. Vesting depends on specified performance criteria measured from the award date through the expiration date.
Do the ONTO (ONTO) Form 4 transactions indicate open-market buying or selling?
The Form 4 shows equity grants and tax withholding, not open-market trades. Awards of restricted and performance stock units were granted at no cash price, and 417 shares were withheld by the issuer solely to satisfy tax withholding obligations on prior equity awards.