Onto Innovation EVP reports equity awards, tax withholding
Onto Innovation Inc. executive vice president Ido Dolev reported routine equity compensation and related tax withholding.
Rhea-AI Filing Summary
Onto Innovation Inc. executive vice president Ido Dolev reported routine equity compensation and related tax withholding. On March 2, he received a grant of 3,440 shares of common stock and two performance stock unit awards of 1,720 units each, all at a stated price of $0.00 per unit. The performance stock units represent target awards that may ultimately vest between 0% and 200% based on performance criteria. On March 3, 819 shares of common stock valued at $207.50 per share were withheld to cover tax obligations tied to previously granted restricted or performance stock units, leaving him with 26,536 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 819 | $207.50 | $170K |
| Grant/Award | Performance Stock Unit | 1,720 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Unit | 1,720 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 3,440 | $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 insider transactions did ONTO EVP Ido Dolev report on this Form 4?
What performance stock units did the ONTO executive receive in this filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.