Form 4: ONTO Innovation COO Ramil Yaldaei Reports Stock Disposals for Tax Obligations

Ramil Yaldaei, COO of ONTO Innovation Inc., reports disposing of common stock to cover tax withholding obligations related to vesting restricted stock units.

Summary

• Ramil Yaldaei, the Chief Operating Officer of ONTO Innovation Inc., reported the disposal of company common stock on May 15, 2025.
• The disposals were executed to satisfy tax withholding obligations associated with the vesting of restricted stock units or performance stock unit grants previously received.
• Two transactions occurred on the same day: 217 shares were disposed of at a price of $98.04, and 609 shares were disposed of at the same price.
• Following these transactions, Yaldaei directly owns 12,400 and 11,791 shares of ONTO Innovation Inc. common stock respectively.

Sentiment

Score: 5

Explanation: The document is a routine disclosure of stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This type of transaction, where executives sell shares to cover tax obligations upon vesting of stock awards, is a common practice in publicly traded companies.

Comparison to Industry Standards

• Similar transactions are routinely disclosed by executives at comparable companies such as Applied Materials, Lam Research, and ASML.
• These companies also use equity-based compensation and their executives often sell shares to cover tax liabilities.
• The amounts and frequency of these transactions vary depending on the size of the grants and the individual's tax situation.

Stakeholder Impact

• The stock disposal has a minimal impact on shareholders as it is a routine transaction for tax purposes.

Key Dates

Keywords

ONTO Innovation Inc., Ramil Yaldaei, Form 4, Stock Disposal, Tax Withholding, Restricted Stock Units, Performance Stock Units, Beneficial Ownership