Form 4: Varex Imaging CEO Sunny Sanyal Reports Stock Transactions
SEC Form 4 Filing
Varex Imaging Corp's CEO, Sunny Sanyal, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 15, 2025, Sunny Sanyal, the President and CEO of Varex Imaging Corp, had 33,911 Restricted Stock Units (RSUs) vest.
- These RSUs converted into common stock on a one-for-one basis.
- Following the transaction, Sanyal directly owns 214,145 shares of common stock.
- 15,203 shares were withheld to satisfy tax obligations at a price of $13.27 per share, resulting in Sanyal directly owning 198,942 shares after the tax withholding.
- The RSUs were granted on February 16, 2021, with 50% vesting on February 15, 2023, and the remaining 50% vesting on February 15, 2025.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and alignment with shareholder interests.
Stakeholder Impact
- The vesting of RSUs and subsequent tax withholding may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 02/16/2021 | Date the Reporting Person was granted 67,822 Restricted Stock Units |
| 02/15/2023 | 50% of the Restricted Stock Units granted on February 16, 2021 vested |
| 02/15/2025 | Date of transaction: Vesting of 33,911 Restricted Stock Units and tax withholding. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Varex Imaging Corp, Sunny Sanyal, Restricted Stock Units, Vesting, Form 4, Insider Trading, Stock Ownership
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