Equity awards vest for ONTO (ONTO) counsel as shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONTO Innovation Inc. senior vice president and general counsel Yoon Ah Oh reported equity award activity. On February 14, 2026, performance stock units granted on February 14, 2023 vested at 156% of target, converting into 3,084 shares of common stock. To cover tax withholding on these and other prior stock-based awards, 1,595 shares of common stock were withheld by the company, leaving the executive with 19,499 shares of directly owned common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,977 shares exercised/converted
Mixed
4 txns
Insider
OH Yoon Ah
Role
SVP, Gen Counsel & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Unit | 1,977 | $0.00 | -- |
| Exercise | Common Stock | 3,084 | $0.00 | -- |
| Tax Withholding | Common Stock | 1,094 | $217.23 | $238K |
| Tax Withholding | Common Stock | 501 | $217.23 | $109K |
Holdings After Transaction:
Performance Stock Unit — 0 shares (Direct);
Common Stock — 21,094 shares (Direct)
Footnotes (1)
- This transaction represents the settlement of performance stock units ("PSUs") granted on February 14, 2023 in shares of common stock of Onto Innovation Inc. on their scheduled vesting date of February 14, 2026 as a result of the satisfaction of the performance criteria at 156% of the target. 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.
FAQ
What did ONTO Innovation (ONTO) executive Yoon Ah Oh report in this Form 4?
Yoon Ah Oh reported the vesting and settlement of performance stock units into 3,084 shares of ONTO common stock. The filing also shows shares withheld to satisfy tax obligations and confirms 19,499 shares of direct common stock ownership afterward.
What does 156% of target performance mean for ONTO (ONTO) PSUs?
A 156% of target performance result means the performance goals for the PSUs were exceeded, increasing the number of shares delivered. As disclosed, this higher achievement drove the final share settlement upon vesting of the February 14, 2023 grant.