Form 4: Onto Innovation CEO Michael Plisinski Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Michael Plisinski, CEO of Onto Innovation Inc., disposed of 1,925 shares of common stock on March 1, 2025, to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 1, 2025, Michael Plisinski, the CEO of Onto Innovation Inc., disposed of 1,925 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units or performance stock unit grants previously received.
- The shares were disposed of at a price of $145.66 per share.
- Following the transaction, Plisinski beneficially owns 163,949 shares of Onto Innovation Inc. common stock.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
This is a routine transaction related to executive compensation and tax obligations. It is common for executives to sell shares to cover taxes when stock options or restricted stock units vest.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: Michael Plisinski disposed of shares. |
| 03/03/2025 | Date of signature on the report. |
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