Onto Innovation COO receives stock, covers taxes
Onto Innovation Inc. Chief Operating Officer Ramil Yaldaei received several equity awards and had shares withheld to cover taxes.
Rhea-AI Filing Summary
Onto Innovation Inc. Chief Operating Officer Ramil Yaldaei received several equity awards and had shares withheld to cover taxes. On March 2, he was granted 7,683 shares of common stock and two awards of 1,548 performance stock units each, all at a stated price of $0.00 per unit as part of compensation. On March 3, 615 shares of common stock at $207.50 per share were withheld to satisfy tax obligations tied to prior RSU or PSU vesting, leaving him with 18,436 common shares held directly. The RSUs vest in three equal annual installments, while the performance stock units can ultimately vest between 0% and 200% of the target amount based on specified performance criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 615 | $207.50 | $128K |
| Grant/Award | Performance Stock Unit | 1,548 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Unit | 1,548 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 7,683 | $0.00 | $0.00 |
Footnotes (3)
- F1. 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.
- 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.
- F3. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What equity awards did ONTO COO Ramil Yaldaei receive in this Form 4?
How do Ramil Yaldaei’s new Onto Innovation RSUs vest?
How are the performance stock units (PSUs) for ONTO’s COO structured?
What is the overall direction of insider activity in this ONTO Form 4?
AI-generated analysis. How Rhea-AI works. Not financial advice.