ONTO Innovation (NASDAQ: ONTO) director granted 761-share RSU stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ONTO Innovation Inc. director Stephen Douglas Kelley reported an acquisition of company stock through an equity award. He received 761 shares of Common Stock at no cash cost, in the form of restricted stock units (RSUs). These RSUs each represent a contingent right to receive one share of ONTO common stock.
All 761 shares subject to the RSU grant vest in a single tranche one year from the grant date, so the award will fully vest after that one-year period. Following this grant, Kelley directly holds 6,384 shares of ONTO common stock, reflecting his updated ownership position reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Kelley Stephen Douglas
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 761 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,384 shares (Direct, null)
Footnotes (1)
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Key Figures
RSU grant size: 761 shares
Award price: $0.00 per share
Post-transaction holdings: 6,384 shares
+1 more
4 metrics
RSU grant size
761 shares
Restricted stock units awarded on the reported grant date
Award price
$0.00 per share
Reported transaction price per share for the RSU grant
Post-transaction holdings
6,384 shares
Total ONTO common shares directly owned after the grant
Vesting schedule
1 year from grant date
100% of RSU shares vest after one year
Key Terms
restricted stock units, RSUs, contingent right
3 terms
restricted stock units financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
RSUs financial
"The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right"
RSUs, or restricted stock units, are a form of company shares given to employees as part of their compensation. They are typically awarded with certain restrictions, such as a waiting period before they can be fully owned or sold, similar to earning a gift that becomes fully yours over time. For investors, RSUs can impact a company's stock offerings and reflect how much the company relies on stock-based incentives to attract and retain talent.
contingent right financial
"each of which represents a contingent right to receive one (1) share of ONTO Common Stock"
FAQ
What insider transaction did ONTO (ONTO) director Stephen Douglas Kelley report?
Stephen Douglas Kelley reported receiving 761 shares of ONTO common stock via a restricted stock unit grant. The award was recorded at a price of $0.00 per share and increased his directly held position to 6,384 shares after the transaction.
Was the ONTO (ONTO) transaction an open-market buy or a stock award?
The transaction was a stock award, not an open-market purchase. Kelley received 761 shares through restricted stock units classified as a grant or other acquisition, with no cash price per share, reflecting compensation rather than a discretionary market trade.
What are the vesting terms of Stephen Douglas Kelley’s ONTO (ONTO) RSU grant?
The RSU grant vests fully one year from the grant date. All 761 restricted stock units convert into common shares at that time, provided the vesting conditions are met, as each RSU represents a contingent right to receive one share of common stock.
Does the ONTO (ONTO) Form 4 indicate any derivative or option exercises?
The Form 4 does not report any derivative or option exercises. It only shows a non-derivative acquisition of 761 shares of common stock through a restricted stock unit grant, with no remaining derivative positions listed in the derivative summary section.