ONTO director granted 761 RSUs in stock award
SCHWARTZ STEPHEN S reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SCHWARTZ STEPHEN S reported acquisition or exercise transactions in this Form 4 filing.
ONTO Innovation Inc. director Stephen S. Schwartz reported an award of 761 shares of common stock in the form of restricted stock units. These RSUs were granted at no cash cost and increase his direct holdings to 3,536 shares after the award.
The footnote explains that each RSU represents a right to receive one share of common stock, with 100% of the shares scheduled to vest one year from the grant date. Schwartz has elected to defer settlement of these RSUs under the Onto Innovation Nonqualified Deferred Compensation Plan, so the actual shares will be issued later in line with his deferral election.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 761 shares
Grant/Award
1 txn
Insider
SCHWARTZ STEPHEN S
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 761 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 3,536 shares (Direct)
Footnotes (1)
- 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. 100% of the shares of Common Stock subject to the RSU vest one (1) year from the grant date. The Reporting Person has elected to defer settlement of these RSUs pursuant to the Onto Innovation Nonqualified Deferred Compensation Plan. Once vested, the shares will be issued in accordance with the Reporting Person's deferral election.
Key Figures
RSUs granted: 761 shares
Grant price: $0.0000 per share
Post-transaction holdings: 3,536 shares
+1 more
4 metrics
RSUs granted
761 shares
Restricted stock unit award on common stock
Grant price
$0.0000 per share
Reported transaction price for RSU grant
Post-transaction holdings
3,536 shares
Direct common stock owned after award
Vesting schedule
1 year
100% of RSU shares vest one year from grant date
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
"defer settlement of these RSUs pursuant to the Onto Innovation Nonqualified Deferred Compensation Plan"
A nonqualified deferred compensation plan is an arrangement where an employer lets select employees postpone receiving part of their pay or bonuses until a future date, often at retirement, so taxes are paid later. It matters to investors because these payouts are typically unsecured promises by the company—like an internal IOU—so they create future cash obligations and expose the company to extra liability risk if the business falters, and they also reveal how executives are being paid and motivated.
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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did ONTO director Stephen S. Schwartz report on this Form 4 for ONTO?
Stephen S. Schwartz reported receiving 761 shares of ONTO common stock in the form of restricted stock units. These RSUs were granted at no cash cost and represent an equity-based compensation award rather than an open-market share purchase or sale.
When do Stephen S. Schwartz’s new ONTO (ONTO) RSUs vest according to the Form 4 footnote?
The footnote states that 100% of the shares subject to the RSU award vest one year from the grant date. Once vested, the underlying shares of ONTO common stock become deliverable, subject to Schwartz’s separate deferral election arrangements described in the plan.
What does the deferral election mean for Stephen S. Schwartz’s ONTO RSU grant?
Schwartz elected to defer settlement of these RSUs under the Onto Innovation Nonqualified Deferred Compensation Plan. This means that after the units vest, the actual common shares will be issued later, following the timing and terms specified in his individual deferral election.
Was cash paid for the ONTO (ONTO) RSUs granted to Stephen S. Schwartz?
No cash was paid for this award; the reported price per share is 0.0000. The 761 restricted stock units represent a stock-based compensation grant, providing a contingent right to receive ONTO common shares rather than reflecting an open-market purchase transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
