Form 4: Varex Director Converts Deferred Stock Units to Equity

Varex Imaging Corp. Director Timothy E. Guertin acquired 8,483 shares of common stock through the conversion of deferred stock units.

Summary

• Timothy E. Guertin, a Director of Varex Imaging Corp. (VREX), reported a transaction involving company securities.
• On February 9, 2026, Mr. Guertin acquired 8,483 shares of Varex common stock.
• This acquisition resulted from the conversion of Deferred Stock Units (DSUs) on a one-for-one basis.
• The DSUs were initially issued on February 9, 2023, vested on February 8, 2024, and were delivered as common stock on February 9, 2026, marking the third anniversary of the grant date.
• Following this transaction, Mr. Guertin beneficially owns a total of 26,777 shares of Varex Imaging Corp. common stock.

Sentiment

Score: 7

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents a director increasing their direct ownership in the company through a pre-scheduled compensation mechanism, aligning their interests with shareholders.

Positives

• A director increased their direct ownership in the company by 8,483 shares, aligning their interests further with shareholders.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

StockSavvy.ai notes this is a routine insider transaction, common for directors receiving equity compensation as part of their remuneration package. It reflects a pre-scheduled event rather than a discretionary purchase or sale, indicating continued director alignment with shareholder interests through equity ownership.

Comparison to Industry Standards

• This transaction is a standard equity compensation event for a director, consistent with common corporate governance practices across various industries where executives and board members receive stock-based awards that vest and convert into common stock over time.

Related Party Transactions

• The transaction involves a director of the company acquiring shares as part of a pre-existing equity compensation plan, which is a common form of related-party transaction in corporate governance.

Stakeholder Impact

• Shareholders may view the increased direct ownership by a director as a positive sign of alignment between management and shareholder interests.

Key Dates

Recommendation

This Form 4 reports a routine, pre-scheduled conversion of deferred stock units into common stock by a director. While it increases the director's direct ownership, it does not provide new fundamental information about the company's operational performance or strategic direction that would alter an investment thesis. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

Varex Imaging, VREX, Insider Transaction, Form 4, Director, Equity Compensation, Deferred Stock Units, Common Stock