Form 4: Onto Innovation SVP Srinivas Vedula Reports Stock Transactions Following PSU Settlement
SEC Form 4 Filing
Srinivas Vedula, SVP of Customer Success at Onto Innovation Inc., reports the settlement of performance stock units and subsequent stock transactions on February 14, 2025.
Summary
- On February 14, 2025, Srinivas Vedula, SVP of Customer Success at Onto Innovation Inc., settled performance stock units (PSUs) resulting in the acquisition of 2,738 shares of common stock.
- The PSUs were granted on February 14, 2023, and vested on February 14, 2025, due to the satisfaction of performance criteria at 200% of the target.
- Vedula also disposed of 1,391 and 464 shares of common stock to satisfy tax withholding obligations at a price of $176.55 per share.
- Following these transactions, Vedula beneficially owns 16,355 shares of Onto Innovation Inc. common stock.
Sentiment
Score: 6
Explanation: The document reflects standard executive compensation practices and stock transactions, with a neutral sentiment. The PSU vesting at 200% is a positive indicator of performance.
Positives
- The performance criteria for the PSUs were met at 200% of the target, indicating strong performance.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| 02/14/2023 | Date of grant for the Performance Stock Units (PSUs). |
| 02/14/2025 | Date of PSU settlement and stock transactions. |
| 02/19/2025 | Date of Form 4 signature. |
Keywords
Form 4, Srinivas Vedula, ONTO, Onto Innovation Inc., PSU, Performance Stock Units, Stock Transaction, Beneficial Ownership, Tax Withholding
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