Form 4: ONTO Innovation SVP, Customer Success, Vedula Srinivas, Reports Stock Disposal for Tax Obligations
SEC Form 4
Vedula Srinivas, SVP of Customer Success at ONTO Innovation Inc., reports disposing of 199 shares of common stock to cover tax withholding obligations related to vesting restricted stock units.
Summary
- On March 1, 2025, Srinivas Vedula, SVP of Customer Success at ONTO Innovation Inc., disposed of 199 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations associated with the vesting of restricted stock units or performance stock unit grants.
- The price per share was $145.66.
- Following the transaction, Vedula Srinivas directly owns 16,156 shares of ONTO Innovation Inc.
Sentiment
Score: 7
Explanation: The document reflects a routine transaction related to tax obligations, which is neutral. The insider still holds a significant amount of shares.
Industry Context
This is a routine Form 4 filing, which is common for corporate insiders who have transactions in their company's stock. It reflects standard practice for covering tax obligations related to stock-based compensation.
Stakeholder Impact
- The transaction is unlikely to have a significant impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/01/2025 | Date of stock disposal transaction |
| 03/03/2025 | Date of signature on the Form 4 filing |
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