Form 4: Vistance Networks SVP Earns Additional Performance Shares
Insider Transaction Report
Vistance Networks' SVP & President of Aurora Networks, Guy Sucharczuk, earned an additional 2,184 performance share units, bringing his total beneficial ownership to 693,763 shares.
Summary
- Guy Sucharczuk, SVP & President of Aurora Networks at Vistance Networks, Inc. (VISN), reported an acquisition of 2,184 shares of common stock.
- The transaction occurred on February 24, 2026, with an acquisition price of $0 per share, indicating a grant or vesting event.
- Following this transaction, Mr. Sucharczuk beneficially owns a total of 693,763 shares of Vistance Networks, Inc. common stock.
- The 2,184 shares represent additional performance share units (PSUs) earned based on actual performance, which will vest on June 1, 2026, subject to continued employment.
- This follows previous PSU grants and vestings, including 50,800 PSUs granted on March 1, 2023, and an additional 12,243 PSUs earned on January 8, 2026, based on performance through December 31, 2025.
- Mr. Sucharczuk's beneficial ownership also includes previously reported restricted stock units (RSUs) and PSUs with various vesting schedules extending through June 1, 2028, all contingent on continued employment.
Sentiment
Score: 6
Explanation: StockSavvy.ai views this filing as slightly positive. While a routine compensation disclosure, the earning of additional performance shares indicates the company met performance targets, which is a positive operational signal.
Positives
- The earning of additional performance share units indicates that the company met certain performance criteria, which is a positive signal for operational execution.
- The vesting of shares aligns the executive's interests with those of shareholders, incentivizing long-term performance.
Risks
- The vesting of all mentioned performance share units and restricted stock units is subject to the reporting person's continued employment with the issuer, posing a risk to the executive's full realization of these awards.
Future Outlook
The reporting person has significant future vesting events scheduled, with 2,184 additional performance share units vesting on June 1, 2026, alongside other previously granted restricted stock units and performance share units that will vest ratably through June 1, 2028, all contingent on continued employment.
Industry Context
StockSavvy.ai notes that this Form 4 filing is a routine disclosure of an insider transaction related to executive compensation. The vesting of performance-based awards is a common practice in the industry to align executive incentives with company performance and shareholder value creation.
Comparison to Industry Standards
- This filing details an executive's compensation in the form of equity awards, which is a standard practice across publicly traded companies in various industries.
- The structure of performance share units and restricted stock units with multi-year vesting schedules and continued employment clauses is consistent with typical long-term incentive plans designed to retain key talent and motivate sustained performance.
Stakeholder Impact
- Shareholders: The vesting of performance-based awards aligns the interests of the executive with those of shareholders, potentially encouraging decisions that enhance long-term shareholder value.
- Employees: The continued employment condition for vesting highlights the company's strategy for executive retention.
Next Steps
- The 2,184 additional performance share units are scheduled to vest on June 1, 2026, subject to continued employment.
- Other previously granted restricted stock units and performance share units will continue to vest on various dates through June 1, 2028, contingent on continued employment.
Key Dates
| Date | Description |
|---|---|
| 03/01/2023 | Reporting person was granted 50,800 performance share units. |
| 03/01/2024 | 52,800 restricted stock units were granted, vesting ratably on 06/01/2026 and 06/01/2027. |
| 06/01/2024 | 107,200 restricted stock units were granted, vesting ratably on 06/01/2026 and 06/01/2027. |
| 03/01/2025 | 94,500 restricted stock units were granted, vesting ratably on 06/01/2026, 06/01/2027, and 06/01/2028. |
| 12/16/2025 | Compensation Committee approved the vesting of 50,800 performance share units based on estimated performance. |
| 12/18/2025 | Effective date for the vesting of 50,800 performance share units. |
| 12/31/2025 | End of the performance period for certain performance share units. |
| 01/08/2026 | Compensation Committee determined 12,243 additional performance share units were earned based on actual performance. Also, 83,718 performance share units were earned and will vest on 06/01/2026. |
| 02/24/2026 | Compensation Committee determined 2,184 additional performance share units were earned based on actual performance. This is the transaction date for the reported acquisition. |
| 02/26/2026 | Date of signature for the Form 4 filing. |
| 06/01/2026 | Vesting date for the 2,184 additional performance share units, 83,718 performance share units, and a portion of the 52,800 and 107,200 restricted stock units, and a portion of the 94,500 restricted stock units. |
| 06/01/2027 | Vesting date for a portion of the 52,800 and 107,200 restricted stock units, and a portion of the 94,500 restricted stock units. |
| 06/01/2028 | Vesting date for a portion of the 94,500 restricted stock units. |
Keywords
Vistance Networks, VISN, Form 4, Insider Transaction, Performance Share Units, Restricted Stock Units, Executive Compensation, Stock Ownership
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