Form 4: ONTO Innovation CFO Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Mark Slicer, CFO of ONTO Innovation Inc., sold 1,633 shares of common stock on May 17, 2024, to cover tax obligations related to vesting restricted stock units.
Summary
- On May 17, 2024, Mark Slicer, the Chief Financial Officer of ONTO Innovation Inc., disposed of 1,633 shares of the company's 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 awarded to Mr. Slicer.
- The shares were sold at a price of $223.5.
- Following the transaction, Mr. Slicer directly owns 13,071 shares of ONTO Innovation Inc.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to an executive's stock sale for tax purposes. It doesn't convey any particularly positive or negative sentiment regarding the company's performance or outlook.
Industry Context
Executive stock sales are a common occurrence, often related to compensation and tax planning. The sale itself is unlikely to have a significant impact on the company's overall performance or stock valuation.
Key Dates
| Date | Description |
|---|---|
| 05/17/2024 | Date of transaction: Mark Slicer sold 1,633 shares of ONTO common stock. |
| 05/21/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.