ONTO (ONTO) COO reports 843 shares withheld to cover equity grant taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONTO Innovation Inc. Chief Operating Officer Ramil Yaldaei reported routine share withholding to cover taxes on equity compensation. On the same date, a total of 843 shares of common stock were disposed of at a value of $271.77 per share through tax-withholding transactions tied to vesting of restricted and performance stock units, rather than open-market sales. Following these withholdings, Yaldaei directly holds 18,218 shares of ONTO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
YALDAEI RAMIL
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 218 | $271.77 | $59K |
| Tax Withholding | Common Stock | 625 | $271.77 | $170K |
Holdings After Transaction:
Common Stock — 18,218 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares (total): 843 shares
Tax-withholding price: $271.77 per share
First withholding lot: 625 shares
+2 more
5 metrics
Tax-withheld shares (total)
843 shares
Shares delivered for tax withholding on equity awards
Tax-withholding price
$271.77 per share
Valuation used for both F-code transactions
First withholding lot
625 shares
Common stock F-code disposition on tax withholding
Second withholding lot
218 shares
Common stock F-code disposition on tax withholding
Shares held after transactions
18,218 shares
Direct ONTO common stock ownership following tax withholding
Key Terms
restricted stock unit, performance stock unit, tax withholding obligations, tax-withholding disposition
4 terms
restricted stock unit financial
"vesting of restricted stock unit or performance stock unit grants previously received"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
performance stock unit financial
"vesting of restricted stock unit or performance stock unit grants previously received"
A performance stock unit is a type of reward companies give to employees, usually managers, that depends on how well the company performs over time. If the company hits specific goals, the employee earns shares of stock, like earning a prize for reaching certain levels in a game. It motivates employees to work hard because their rewards are tied to the company's success.
tax withholding obligations financial
"shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting"
tax-withholding disposition financial
"transaction_action: tax-withholding disposition, transaction_code_description: Payment of exercise price or tax liability"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.