Form 4: V2X Inc. Director Phillip Widman Awarded Restricted Stock Units
SEC Form 4 Filing
Director Phillip Widman receives 3,047 restricted stock units in V2X, Inc., vesting in May 2025.
Summary
- Phillip Widman, a director of V2X, Inc., was awarded 3,047 restricted stock units (RSUs) on May 9, 2024.
- Each RSU represents a contingent right to receive one share of V2X, Inc. common stock.
- The RSUs are scheduled to vest on the earlier of the date of the V2X, Inc. 2025 Annual Shareholders Meeting and May 9, 2025.
- Following the transaction, Mr. Widman directly owns 3,047 derivative securities.
Sentiment
Score: 7
Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation practice, indicating confidence in the company's future performance.
Positives
- The award of RSUs to a director aligns their interests with those of the shareholders.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.
Industry Context
This type of equity compensation is common for directors and executives in publicly traded companies to incentivize performance and align interests with shareholders.
Comparison to Industry Standards
- Equity compensation for board members varies widely across industries and company size.
- Comparing the value of these RSUs to similar companies in the defense and government services sector would provide a better benchmark.
- Companies like Leidos, Booz Allen Hamilton, and CACI International also use equity grants as part of their director compensation packages.
Stakeholder Impact
- The award of RSUs to a director can positively impact shareholders by aligning management's interests with theirs.
- Employees may view this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 05/09/2024 | Date of transaction: Phillip Widman awarded 3,047 restricted stock units. |
| 05/09/2025 | Vesting date of the restricted stock units, or earlier if the V2X, Inc. 2025 Annual Shareholders Meeting occurs before this date. |
| 05/10/2024 | Date of Form 4 filing. |
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