Form 4: ONTO Innovation Director May Su Reports Acquisition of 809 Shares of Common Stock

Director May Su of ONTO Innovation Inc. reports acquiring 809 shares of common stock through restricted stock units on May 22, 2024.

Summary

• On May 22, 2024, May Su, a director of ONTO Innovation Inc., acquired 809 shares of common stock.
• The acquisition was through the grant of restricted stock units (RSUs), each representing a contingent right to receive one share of ONTO common stock.
• The RSUs vest 100% one year from the grant date.
• Following the transaction, May Su directly owns 5,109 shares of ONTO Innovation Inc. common stock.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a standard disclosure of stock acquisition by a director, which doesn't inherently indicate positive or negative sentiment.

Positives

• The acquisition of shares by a director can be seen as a positive signal, indicating confidence in the company's future prospects.

Future Outlook

The acquired restricted stock units will vest one year from the grant date, indicating a future increase in May Su's holdings of ONTO Innovation Inc. common stock.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, such as directors, who trade in their company's stock. It provides transparency to the market regarding the transactions of those with privileged information.

Stakeholder Impact

• The acquisition of shares by a director could have a slightly positive impact on shareholder confidence.

Key Dates