1 unchanged sentence
In February 2024, the Onto Innovation Board of Directors approved a new share repurchase authorization, which allows the Company to repurchase up to $200 million worth of shares of its common stock.
−Removed: There were no repurchases of common stock under this authorization during the three months ended March 30, 2024.
−Removed: There was $200 million available for future share repurchases under this share repurchase authorization at March 30, 2024.
+Added: There were no repurchases of common stock under this authorization during the three and six months ended June 29, 2024.
+Added: There was $200 million available for future share repurchases under this share repurchase authorization at June 29, 2024.
For further information, see Note 15, “Share Repurchase Authorization,” of the Notes to the Condensed Consolidated Financial Statements.
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 under the Company’s equity incentive program.
−Removed: During the three months ended March 30, 2024, we withheld 53 thousand shares through net share settlements.
−Removed: For the three month period ended March 30, 2024, net share settlements cost $9.1 million.
+Added: During the three and six months ended June 29, 2024, we withheld 44 thousand and 97 thousand shares through net share settlements.
+Added: For the three and six month periods ended June 29, 2024, net share settlements cost $8.9 million and $18.0 million, respectively.
Please refer to Note 9, “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 March 30, 2024 (in thousands, except per share data):
+Added: The following table provides details of common stock purchased during the three months ended June 29, 2024 (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: December 31, 2023 - January 30, 2024
−Removed: January 31, 2024 - February 29, 2024
−Removed: March 1, 2024 - March 30, 2024
−Removed: Three months ended March 30, 2024
+Added: March 31, 2024 - April 29, 2024
+Added: April 30, 2024 - May 29, 2024
+Added: May 30, 2024 - June 29, 2024
+Added: Three months ended June 29, 2024
1 Includes shares withheld through net share settlements.
2 unchanged sentences
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.