Onto Innovation discloses former CFO Mark Slicer's separation terms: $477k severance, equity acceleration

ONTO INNOVATION INC.

Separation agreement with former CFO Mark Slicer provides 1x base salary ($477,405) paid over 12 months.
Pro-rata bonus for 2025 at 70% target of base salary, prorated for days employed, payable by March 2026.
RSUs and time-based PSUs vesting within 12 months after separation accelerated; performance PSUs vest by March 15, 2026.
Equity awards vesting after March 15, 2026 are forfeited; COBRA lump sum of $39,190.65.
Non-compete for 12 months (24 if fiduciary breach) and 24-month non-solicit included.

item 5.02item 9.01

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