Michael Plisinski - Feb 8, 2024 Form 4 Insider Report for ONTO INNOVATION INC. (ONTO)

Role
CEO, Director
Signature
By: Mark R. Slicer For: Michael Plisinski
Stock symbol
ONTO
Transactions as of
Feb 8, 2024
Transactions value $
-$4,852,809
Form type
4
Date filed
2/12/2024, 04:42 PM
Previous filing
Aug 22, 2023
Next filing
Feb 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTO Common Stock Tax liability -$664K -4.03K -1.6% $164.76 248K Feb 8, 2024 Direct F1
transaction ONTO Common Stock Options Exercise $0 +24.8K +10.02% $0.00 273K Feb 8, 2024 Direct F2
transaction ONTO Common Stock Tax liability -$1.98M -12K -4.4% $164.76 261K Feb 8, 2024 Direct F1
transaction ONTO Common Stock Tax liability -$553K -3.07K -1.18% $180.01 258K Feb 10, 2024 Direct F1
transaction ONTO Common Stock Options Exercise $0 +19.1K +7.4% $0.00 277K Feb 10, 2024 Direct F3
transaction ONTO Common Stock Tax liability -$1.66M -9.21K -3.33% $180.01 267K Feb 10, 2024 Direct F1

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 Options Exercise $0 -12.4K -100% $0.00* 0 Feb 8, 2024 Common Stock 12.4K Direct F2
transaction ONTO Performance Stock Unit Options Exercise $0 -9.53K -100% $0.00* 0 Feb 10, 2024 Common Stock 9.53K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 This transaction represents the settlement of performance stock units ("PSUs") granted on February 8, 2021 in shares of common stock of Onto Innovation Inc. on their scheduled vesting date of February 8, 2024 as a result of the satisfaction of the performance criteria at 200% of the target.
F3 This transaction represents the settlement of performance stock units ("PSUs") granted on February 10, 2022 in shares of common stock of Onto Innovation Inc. on their scheduled vesting date of February 10, 2024 as a result of the satisfaction of the performance criteria at 200% of the target.