Michael Plisinski - 07 Feb 2023 Form 4 Insider Report for ONTO INNOVATION INC. (ONTO)

Role
CEO, Director
Signature
By: /s/ Mark R. Slicer For: Michael Plisinski
Issuer symbol
ONTO
Transactions as of
07 Feb 2023
Transactions value $
-$3,038,093
Form type
4
Filing time
09 Feb 2023, 20:43:09 UTC
Previous filing
14 Feb 2022
Next filing
13 Feb 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ONTO Common Stock Tax liability -$1.28M -15.2K -6.26% $84.31 227K 07 Feb 2023 Direct F1
transaction ONTO Common Stock Tax liability -$431K -5.11K -2.25% $84.31 222K 07 Feb 2023 Direct F1
transaction ONTO Common Stock Options Exercise $0 +31.2K +14.04% $0.00 254K 07 Feb 2023 Direct F2
transaction ONTO Common Stock Tax liability -$995K -12.1K -4.77% $82.30 241K 08 Feb 2023 Direct F1
transaction ONTO Common Stock Tax liability -$332K -4.03K -1.67% $82.30 237K 08 Feb 2023 Direct F1
transaction ONTO Common Stock Options Exercise $0 +24.8K +10.46% $0.00 262K 08 Feb 2023 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ONTO Performance Stock Unit Options Exercise $0 -15.6K -100% $0.00* 0 07 Feb 2023 Common Stock 15.6K Direct F2
transaction ONTO Performance Stock Unit Options Exercise $0 -12.4K -100% $0.00* 0 08 Feb 2023 Common Stock 12.4K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by Issuer to satisfy tax withholding obligations in connection with the vesting of restricted stock unit or performance stock units grants previously received by the Reporting Person.
F2 This transaction represents the settlement of performance stock units ("PSUs") granted on February 7, 2020 in shares of common stock of Onto Innovation Inc. on their scheduled vesting date of February 7, 2023 as a result of the satisfaction of the performance criteria at 200% of the target.
F3 This transaction represents the settlement of performance stock units ("PSUs") granted on February 8, 2021 in shares of common stock of Onto Innovation Inc. on their scheduled vesting date of February 8, 2023 as a result of the satisfaction of the performance criteria at 200% of the target.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney