ONTO Innovation (ONTO) director awarded 761 RSUs with deferred settlement
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Lynch Susan D reported acquisition or exercise transactions in this Form 4 filing.
ONTO Innovation Inc. director Susan D. Lynch received a grant of 761 restricted stock units (RSUs), each representing one share of common stock at no purchase price. All RSUs vest one year from the grant date, and Lynch has elected to defer settlement under the company’s nonqualified deferred compensation plan, with shares to be issued according to her deferral election. Following this award, she holds 3,684 shares of common stock directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Lynch Susan D
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 761 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 3,684 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 761 RSUs
Grant price: $0.0000 per share
Vesting period: 1 year
+1 more
4 metrics
RSU grant size
761 RSUs
Restricted stock units granted to director on Form 4
Grant price
$0.0000 per share
RSUs granted at no purchase price
Vesting period
1 year
100% of RSUs vest one year from grant date
Post-transaction holdings
3,684 shares
Common stock directly held after RSU grant
Key Terms
restricted stock units ("RSUs"), Nonqualified Deferred Compensation Plan, vest
3 terms
restricted stock units ("RSUs") financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one (1) share"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Nonqualified Deferred Compensation Plan financial
"The Reporting Person has elected to defer settlement of these RSUs pursuant to the Onto Innovation Nonqualified Deferred Compensation Plan."
vest financial
"100% of the shares of Common Stock subject to the RSU vest one (1) year from the grant date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
FAQ
What insider transaction did ONTO director Susan D. Lynch report on this Form 4?
Susan D. Lynch reported receiving a grant of 761 restricted stock units, each representing one share of ONTO Innovation common stock. The award was granted at no purchase price and is part of her equity-based compensation as a director.
When do Susan D. Lynch’s ONTO restricted stock units vest and settle?
All 761 ONTO RSUs granted to Susan D. Lynch vest one year from the grant date. She has elected to defer settlement under the Onto Innovation Nonqualified Deferred Compensation Plan, so shares will be issued later according to her deferral election.
What is the Onto Innovation Nonqualified Deferred Compensation Plan mentioned in the Form 4?
The Onto Innovation Nonqualified Deferred Compensation Plan allows participants to defer settlement of awards like RSUs. Susan D. Lynch elected to defer settlement of her 761 RSUs, so shares will be delivered later in line with her chosen deferral terms.