Form 4: ONTO Innovation VP Brooks D. Mayson Reports Stock Transaction

Vice President of ONTO Innovation, Brooks D. Mayson, reports disposition of shares to cover tax obligations and shares acquired through the employee stock purchase plan.

Summary

• On September 1, 2024, Brooks D. Mayson, Vice President & GM, IBU of ONTO Innovation Inc., reported a transaction involving the company's common stock.
• A total of 224 shares were disposed of to satisfy tax withholding obligations related to the vesting of restricted stock units or performance stock units.
• The disposition was executed at a price of $213.22 per share.
• Following the transaction, Mayson directly owns 3,025 shares of ONTO Innovation Inc.
• This total includes 172 shares purchased on June 30, 2024, through the Issuer's Employee Stock Purchase Plan.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing represents a routine transaction related to tax obligations and participation in an employee stock purchase plan.

Positives

• Mayson's participation in the Employee Stock Purchase Plan, with the purchase of 172 shares, indicates confidence in the company's future.

Industry Context

Form 4 filings are a routine part of the US stock market and are required by the SEC to provide transparency into the transactions of company insiders. This allows the public to see if company executives are buying or selling shares of their own company.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine transaction.

Key Dates