−Removed: Unregistered Sales of Equity Securities and Use of Proceeds
−Removed: I n November 2020, the Onto Innovation Board of Directors approved a share repurchase authorization, which allows the Company to repurchase up to $100 million worth of shares of its common stock.
−Removed: During the three and nine months ended October 1, 2022, we repurchased 0.2 million shares of common stock under this repurchase authorization and those shares were subsequently retired.
−Removed: At October 1, 2022, there was $88.5 million available for future share repurchases under this share repurchase authorization .
−Removed: For further information, see Note 16, “Share Repurchase Authorization” of the Notes to the Condensed Consolidated Financial Statements.
−Removed: In addition to our share repurchase program, we withhold common stock shares associated with net share settlements to cover tax withholding obligations upon the vesting of restricted stock unit awards and stock option exercises under the Company’s equity incentive program.
−Removed: During the three and nine months ended October 1, 2022, we withheld 3 thousand and 103 thousand shares through net share settlements.
−Removed: For the three and nine month periods ended October 1, 2022, net share settlements cost $0.2 million and $8.6 million, respectively.
−Removed: Please refer to Note 10, “Share-Based Compensation,” of the Notes to the Condensed Consolidated Financial Statements for further discussion regarding our equity incentive plan.
−Removed: The following table provides details of common stock purchased during the three months ended October 1, 2022 (in thousands, except per share data):
+Added: Unregistered Sales of Equi ty Securities and Use of Proceeds
+Added: In November 2020, the Onto Innovation Board of Directors approved a share repurchase authorization, which allows the Company to repurchase up to $100 million worth of shares of its common stock.
+Added: During the three months ended April 1, 2023, we repurchased 46 thousand shares of common stock under this repurchase authorization and those shares were subsequently retired.
+Added: At April 1, 2023, there was $31.6 million available for future share repurchases under this share repurchase authorization.
+Added: For further information, see Note 15, “Share Repurchase Authorization”
+Added: of the Notes to the Condensed Consolidated Financial Statements.
+Added: In addition to our share repurchase program, we withhold common stock shares associated with net share settlements to cover tax withholding obligations upon the vesting of restricted stock unit awards and stock option exercises under the Company’s equity incentive program.
+Added: During the three months ended April 1, 2023, we withheld 75 thousand shares through net share settlements.
+Added: For the three month period ended April 1, 2023, net share settlements cost $6.3 million.
+Added: Please refer to Note 9, “Share-Based Compensation,”
+Added: of the Notes to the Condensed Consolidated Financial Statements for further discussion regarding our equity incentive plan.
+Added: The following table provides details of common stock purchased during the three months ended April 1, 2023 (in thousands, except per share data):
Purchased (1)
2 unchanged sentences
Maximum Approximate Dollar Value of Shares that May Yet be Purchased Under the Program
−Removed: July 3, 2022 - August 1, 2022
−Removed: August 2, 2022 - September 1, 2022
−Removed: September 2, 2022 - October 1, 2022
−Removed: Three months ended October 1, 2022
+Added: January 1, 2023 - February 1, 2023
+Added: February 2, 2023 - March 1, 2023
+Added: March 2, 2023 - April 1, 2023
+Added: Three months ended April 1, 2023
1 Includes shares withheld through net share settlements.
−Removed: Defaults Upon Senior Securities
−Removed: Mine Safety Disclosures
+Added: Defaults Upo n Senior Securities
+Added: Mine Saf ety Disclosures
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.