Srinivas Vedula - Feb 14, 2023 Form 4 Insider Report for ONTO INNOVATION INC. (ONTO)

Role
Senior Vice President, Custome
Signature
By: Mark R. Slicer For: Srinivas Vedula
Stock symbol
ONTO
Transactions as of
Feb 14, 2023
Transactions value $
$0
Form type
4
Date filed
2/16/2023, 07:32 AM
Previous filing
Apr 12, 2022
Next filing
Apr 4, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTO Common Stock Award $0 +2.74K +15.74% $0.00 20.1K Feb 14, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ONTO Performance Stock Unit Award $0 +1.37K $0.00 1.37K Feb 14, 2023 Common Stock 1.37K Direct F3
transaction ONTO Performance Stock Unit Award $0 +1.37K $0.00 1.37K Feb 14, 2023 Common Stock 1.37K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one 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 Includes shares purchased pursuant to the Issuer's Employee Stock Purchase Plan.
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.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney