ONTO CEO gets stock awards, covers tax with shares
ONTO Innovation Inc. Chief Executive Officer Michael P. Plisinski reported equity compensation and a related tax-withholding share disposition.
Rhea-AI Filing Summary
ONTO Innovation Inc. Chief Executive Officer Michael P. Plisinski reported equity compensation and a related tax-withholding share disposition. He received a grant of 14,479 shares of common stock and two separate performance stock unit awards of 7,239 units each, all at a stated price of $0.00 per unit. The restricted stock units vest in three equal annual installments, while the performance stock units can vest between 0% and 200% of the target amount based on performance criteria. To cover tax obligations from vesting of prior awards, 3,742 common shares were withheld at $207.50 per share, leaving him with 179,242 common shares held directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 3,742 | $207.50 | $776K |
| Grant/Award | Performance Stock Unit | 7,239 | $0.00 | $0.00 |
| Grant/Award | Performance Stock Unit | 7,239 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 14,479 | $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
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What insider transactions did ONTO CEO Michael Plisinski report on this Form 4?
What are the terms of Michael Plisinski’s restricted stock unit awards from ONTO?
How do ONTO Innovation performance stock units granted to the CEO vest?
AI-generated analysis. How Rhea-AI works. Not financial advice.