Form 4: ONTO Innovation Director Christopher A. Seams Reports Acquisition of Restricted Stock Units

Director Christopher A. Seams reports acquisition of 809 restricted stock units (RSUs) of ONTO Innovation Inc. on May 22, 2024.

Summary

• Christopher A. Seams, a director of ONTO Innovation Inc., reported the acquisition of 809 shares of common stock in the form of restricted stock units (RSUs) on May 22, 2024.
• The RSUs were granted at a price of $0.00 per share.
• 100% of the shares subject to the RSU vest one year from the grant date.
• Following the transaction, Seams directly owns 35,638 shares of ONTO common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The document reports a routine transaction (acquisition of RSUs) by a company director, which is neither particularly positive nor negative.

Positives

• The acquisition of RSUs by a director signals confidence in the company's future performance.

Future Outlook

The RSUs vest one year from the grant date, indicating a commitment to the company's long-term success.

Industry Context

Acquisition of stock by company directors is a common practice and is often viewed positively by investors.

Key Dates