Michael Plisinski - 14 Feb 2023 Form 4 Insider Report for ONTO INNOVATION INC. (ONTO)

Role: CEO, Director
Signature: By: Mark R. Slicer For: Michael Plisinski
Issuer symbol: ONTO
Transactions as of: 14 Feb 2023
Transactions value $: $0
Form type: 4
Filing time: 16 Feb 2023, 07:32:01 UTC
Previous filing: 13 Feb 2023
Next filing: 22 Aug 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	Award	$0	+23.7K	+9.13%	$0.00	283K	14 Feb 2023	Direct	F1

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	Award	$0	+11.8K		$0.00	11.8K	14 Feb 2023	Common Stock	11.8K		Direct	F2
transaction	ONTO	Performance Stock Unit	Award	$0	+11.8K		$0.00	11.8K	14 Feb 2023	Common Stock	11.8K		Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ONTO common stock. The RSUs vest on an annual basis, in equal 1/3rd increments, over a three-year period from the award date.
F2	The Reporting Person was granted performance stock units ("PSUs"), each of which represents a contingent right to receive one share of ONTO common stock. The number of PSUs reported represents the target number of PSUs under the award. The number of PSUs that vest, if any, may vary from 0% to 200% of the target number shown, and is based on specific performance criteria from the award date through the expiration date.

Content

The Reporting Person was granted restricted stock units ("RSUs"), each of which represents a contingent right to receive one share of ONTO common stock. The RSUs vest on an annual basis, in equal 1/3rd increments, over a three-year period from the award date.

The Reporting Person was granted performance stock units ("PSUs"), each of which represents a contingent right to receive one share of ONTO common stock. The number of PSUs reported represents the target number of PSUs under the award. The number of PSUs that vest, if any, may vary from 0% to 200% of the target number shown, and is based on specific performance criteria from the award date through the expiration date.