Form 4: Varex Director Converts DSUs to Common Stock

Varex Imaging Corp. Director Jocelyn D. Chertoff converted 8,483 Deferred Stock Units into common stock on February 9, 2026.

Summary

• Jocelyn D. Chertoff, a Director of Varex Imaging Corp (VREX), acquired 8,483 shares of common stock.
• This acquisition resulted from the conversion of Deferred Stock Units (DSUs) on a one-for-one basis.
• The DSUs were originally issued on February 9, 2023, vested on February 8, 2024, and delivered as common stock on February 9, 2026.
• Following this transaction, Ms. Chertoff beneficially owns 42,194 shares of Varex Imaging Corp common stock.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive event, as it represents a routine conversion of vested equity, increasing a director's direct stake in the company.

Positives

• A director increased their direct ownership in the company by converting Deferred Stock Units, aligning their interests with shareholders.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that insider transactions, such as DSU conversions, are common mechanisms for executive and director compensation and equity alignment within the medical imaging and X-ray technology industry, where Varex Imaging operates. Such conversions typically reflect the vesting schedule of long-term incentive plans.

Comparison to Industry Standards

• StockSavvy.ai observes that the conversion of Deferred Stock Units into common stock is a standard practice for director compensation across various industries, including medical technology.
• Companies like Hologic, Inc. (HOLX) and Agfa-Gevaert (AGFB.BR) also utilize similar equity-based compensation structures for their board members to align interests with shareholders.
• The one-for-one conversion ratio and vesting schedule are typical for such plans.

Stakeholder Impact

• Shareholders: Increased alignment of director's interests with shareholders due to higher direct equity ownership.

Key Dates

Recommendation

This Form 4 filing details a routine conversion of vested Deferred Stock Units by a director, which is an expected part of executive compensation. While it increases insider ownership, it does not provide new fundamental information about the company's performance or outlook that would warrant a change in investment recommendation. Therefore, a 'hold' recommendation is appropriate, maintaining existing positions based on broader company fundamentals.

Keywords

Varex Imaging Corp, VREX, Jocelyn D. Chertoff, Director, Insider Transaction, Form 4, Deferred Stock Units, Common Stock, Equity Ownership