Form 4: ONTO Innovation General Counsel Yoon Ah Oh Reports Tax-Related Stock Disposal

Yoon Ah Oh, General Counsel of ONTO Innovation Inc., disposed of 1,296 shares of common stock on October 25, 2024, to cover tax obligations related to vesting restricted stock units.

Summary

• On October 25, 2024, Yoon Ah Oh, the General Counsel of ONTO Innovation Inc., disposed of 1,296 shares of the company's common stock.
• The disposal was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units or performance stock unit grants previously awarded to Ms. Oh.
• The transaction was a sale of shares back to the issuer at a price of $204.39 per share.
• Following the transaction, Ms. Oh directly owns 13,014 shares of ONTO Innovation Inc. common stock.

Sentiment

Score: 5

Explanation: The document describes a routine transaction related to executive compensation and tax obligations, which is neither particularly positive nor negative.

Industry Context

This type of transaction, where shares are withheld to cover tax obligations upon vesting of stock awards, is a common practice in executive compensation.

Stakeholder Impact

• The transaction has a minor dilutive effect on existing shareholders due to the shares being returned to the company.

Key Dates