Form 4: Onto Innovation CEO Michael Plisinski Reports Stock Transactions Following PSU Vesting

CEO Michael Plisinski reports the vesting and subsequent tax withholding of shares related to performance stock units.

Summary

• Michael Plisinski, CEO of Onto Innovation Inc., reported transactions involving the company's common stock on February 10, 2025.
• These transactions include the withholding of 2,859 shares to cover tax obligations at a price of $183.28 per share, the acquisition of 19,048 shares upon the vesting of performance stock units (PSUs), and the withholding of an additional 9,210 shares for taxes at $183.28 per share.
• The vesting of 9,524 performance stock units resulted in the acquisition of 19,048 shares of common stock, as the performance criteria were met at 200% of the target.
• Following these transactions, Plisinski directly owns 157,471 shares of Onto Innovation Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral as the document primarily reports routine transactions related to executive compensation. The PSU vesting at 200% target is a positive sign, but the document itself is simply a reporting requirement.

Positives

• The performance criteria for the PSUs were met at 200% of the target, indicating strong performance.

Industry Context

Form 4 filings are standard practice for reporting insider transactions and are common across all publicly traded companies.

Stakeholder Impact

• The vesting of PSUs and subsequent tax withholding may have a minor impact on the company's outstanding share count and financial statements.

Key Dates