Form 4: ONTO Innovation CFO Sells Shares to Cover Tax Obligations
SEC Form 4
Mark Slicer, CFO of ONTO Innovation Inc., sold 336 shares of common stock on March 1, 2025, to cover tax obligations related to vesting restricted stock units.
Summary
- On March 1, 2025, Mark Slicer, the Chief Financial Officer of ONTO Innovation Inc., disposed of 336 shares of common stock.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock units or performance stock unit grants.
- The shares were sold at a price of $145.66 per share.
- Following the transaction, Slicer directly owns 12,765 shares of ONTO Innovation Inc.
Sentiment
Score: 6
Explanation: The document describes a routine transaction (selling shares to cover taxes) by a company executive, which is neither particularly positive nor negative.
Industry Context
Executive stock sales for tax purposes are a common practice and generally don't indicate a negative outlook for the company.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of transaction: CFO Mark Slicer sold shares to cover tax obligations. |
| 03/03/2025 | Date of signature on the Form 4 filing. |
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