Form 4: Varex CEO Sanyal Reports RSU Vesting and Stock Transactions

Varex Imaging Corp's President and CEO, Sunny Sanyal, reported the vesting and conversion of restricted stock units into common stock, alongside a tax-related disposition.

Summary

• Sunny Sanyal, President and CEO of Varex Imaging Corp, reported multiple transactions involving VREX common stock and Restricted Stock Units (RSUs).
• On December 10, 2025, Sanyal acquired 26,652 shares of common stock through the conversion of previously granted RSUs.
• On the same date, Sanyal acquired an additional 47,613 shares of common stock from the conversion of another RSU grant.
• A disposition of 32,566 shares of common stock occurred on December 10, 2025, at a price of $11.7 per share, to satisfy tax withholding obligations related to the RSU vesting.
• Following these transactions, Sanyal beneficially owns 231,892 shares of Varex Imaging Corp common stock directly.
• Sanyal was also granted 156,250 new Restricted Stock Units on December 10, 2025.

Sentiment

Score: 6

Explanation: Slightly positive due to the realization of equity compensation and a new RSU grant, indicating continued alignment of executive incentives with long-term company performance, despite a tax-related sale.

Positives

• The vesting of 26,652 and 47,613 Restricted Stock Units (RSUs) indicates the realization of previously awarded equity compensation for the CEO.
• A new grant of 156,250 Restricted Stock Units on December 10, 2025, aligns the CEO's long-term incentives with shareholder interests.

Negatives

• The disposition of 32,566 shares of common stock at $11.7 per share for tax withholding purposes reduces the CEO's direct beneficial ownership.

Future Outlook

The reporting person has future equity incentives tied to the company's performance, with 47,613 Restricted Stock Units scheduled to vest 50% on December 10, 2027, and 156,250 new Restricted Stock Units granted on December 10, 2025, scheduled to vest 50% on December 10, 2027, and 50% on December 10, 2029.

Industry Context

This filing reports routine insider equity transactions, which are common for executives in publicly traded companies as part of their compensation structure. It does not provide information on broader industry trends or competitive landscape.

Stakeholder Impact

• Shareholders gain insight into the CEO's equity compensation realization and ongoing incentive structure, which can influence perceptions of management's alignment with shareholder interests.

Next Steps

• Remaining 50% of 47,613 RSUs (granted 12/10/2023) to vest on December 10, 2027.
• 50% of 156,250 new RSUs (granted 12/10/2025) to vest on December 10, 2027.
• Remaining 50% of 156,250 new RSUs (granted 12/10/2025) to vest on December 10, 2029.

Key Dates

Keywords

Varex Imaging, VREX, Sunny Sanyal, CEO, Restricted Stock Units, RSU Vesting, Insider Transaction, Form 4, Equity Compensation, Stock Ownership