Onto Innovation (ONTO) COO granted stock and PSUs, with shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Onto Innovation Inc. Chief Operating Officer Ramil Yaldaei received several equity awards and had shares withheld to cover taxes. On March 2, he was granted 7,683 shares of common stock and two awards of 1,548 performance stock units each, all at a stated price of $0.00 per unit as part of compensation. On March 3, 615 shares of common stock at $207.50 per share were withheld to satisfy tax obligations tied to prior RSU or PSU vesting, leaving him with 18,436 common shares held directly. The RSUs vest in three equal annual installments, while the performance stock units can ultimately vest between 0% and 200% of the target amount based on specified performance criteria.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
YALDAEI RAMIL
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 615 | $207.50 | $128K |
| Grant/Award | Performance Stock Unit | 1,548 | $0.00 | -- |
| Grant/Award | Performance Stock Unit | 1,548 | $0.00 | -- |
| Grant/Award | Common Stock | 7,683 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 18,436 shares (Direct);
Performance Stock Unit — 1,548 shares (Direct)
Footnotes (1)
- 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. 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. 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
What equity awards did ONTO COO Ramil Yaldaei receive in this Form 4?
Ramil Yaldaei received a grant of 7,683 shares of Onto Innovation common stock and two awards of 1,548 performance stock units each. These grants were reported at a stated price of $0.00 per unit as part of his compensation.
How do Ramil Yaldaei’s new Onto Innovation RSUs vest?
The new RSUs for Ramil Yaldaei vest in three equal annual installments over three years from the award date. Each RSU represents a contingent right to receive one share of Onto Innovation common stock, subject to continued service through each vesting date.
How are the performance stock units (PSUs) for ONTO’s COO structured?
Each PSU represents a contingent right to one share of Onto Innovation common stock. The number that ultimately vests can range from 0% to 200% of the 1,548 target units, based on specified performance criteria over the award’s performance period.
What is the overall direction of insider activity in this ONTO Form 4?
The filing shows a mix of equity grants and tax-related share withholding. Three transactions reflect awards of common stock and performance stock units, while one transaction reflects shares withheld to pay tax obligations related to previously granted equity.