Form 4: Vistance Networks Director Acquires Restricted Stock Units
Statement of Changes in Beneficial Ownership
Timothy T. Yates, a Director at Vistance Networks, Inc., acquired 16,807 restricted stock units under the company's non-employee director compensation plan.
Summary
- Timothy T. Yates, a Director of Vistance Networks, Inc., was granted 16,807 restricted stock units (RSUs) on May 7, 2026.
- These RSUs are part of the issuer's non-employee director compensation plan.
- The RSUs vest on the earlier of May 7, 2027, or the date of the issuer's 2027 annual stockholders' meeting, provided Mr. Yates remains on the Board of Directors.
- Following this grant, Mr. Yates beneficially owns 58,807 shares of common stock, with 223,751 shares held indirectly through a family trust.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it primarily details routine director compensation and does not indicate significant new financial performance or strategic shifts.
Positives
- Director compensation aligns with continued service, incentivizing long-term commitment.
- Grant of RSUs indicates a commitment to retaining experienced board members.
Risks
- Vesting is contingent on continued board membership, meaning departure before vesting dates would result in forfeiture of the RSUs.
- The value of the RSUs is subject to the future stock price performance of Vistance Networks, Inc.
Future Outlook
The restricted stock units granted to Timothy T. Yates are set to vest on May 7, 2027, or at the 2027 annual stockholders' meeting, contingent on his continued service as a director.
Industry Context
StockSavvy.ai notes that the issuance of restricted stock units to directors is a common practice in the technology and telecommunications sectors, aligning executive and director incentives with shareholder value.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Director Compensation Plan | Grant of restricted stock units to a non-employee director under the company's established compensation plan. | 05/07/2026 | Reinforces standard corporate governance practice of incentivizing directors through equity awards. |
| Power of Attorney | Timothy T. Yates has executed a Power of Attorney appointing Kyle D. Lorentzen, Krista R. Bowen, and Michael D. Coppin as his attorneys-in-fact for SEC filings. | 06/10/2025 | Ensures compliance with Section 16 reporting requirements by delegating the preparation and filing of Forms 3, 4, and 5. |
Stakeholder Impact
- Shareholders: The grant of RSUs to directors is a standard compensation practice and does not immediately impact share count or value, but it aligns director interests with long-term company performance.
- Employees: No direct impact on employees is indicated by this filing.
- Management: The filing confirms the continued involvement of Timothy T. Yates as a Director.
Next Steps
- Timothy T. Yates will continue to serve as a Director of Vistance Networks, Inc.
- The restricted stock units will vest on the earlier of May 7, 2027, or the 2027 annual stockholders' meeting, subject to continued directorship.
Key Dates
| Date | Description |
|---|---|
| 05/07/2026 | Transaction Date for the grant of restricted stock units. |
| 05/07/2027 | Earliest possible vesting date for the restricted stock units. |
| 06/10/2025 | Effective date of the Power of Attorney for Timothy T. Yates. |
| 03/18/2027 | Expiration date of the notary public commission for Kathryn J. Yates. |
Keywords
Vistance Networks, Form 4, Director, Restricted Stock Units, RSU, Compensation Plan, Beneficial Ownership, Securities Exchange Act
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