Form 4: Varex Imaging Corp Executive Mark S. Jonaitis Reports Stock Transactions

Mark S. Jonaitis, SVP and GM of X-Ray Sources at Varex Imaging Corp, reports the vesting and subsequent tax withholding of restricted stock units.

Summary

• On February 15, 2025, Mark S. Jonaitis, an officer at Varex Imaging Corp, vested 5,762 restricted stock units (RSUs) which converted into common stock.
• Following the vesting, 2,835 shares were withheld to satisfy tax obligations at a price of $13.27 per share.
• After these transactions, Jonaitis directly owns 68,168 shares of Varex Imaging Corp common stock.
• The RSUs were granted on February 16, 2021, and vested in two tranches: 50% on February 15, 2023, and the remaining 50% on February 15, 2025.

Sentiment

Score: 5

Explanation: This is a neutral event, simply reporting the vesting of stock and tax withholding. It doesn't inherently indicate positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company executives. It is a standard practice for publicly traded companies.

Stakeholder Impact

• The vesting of RSUs and subsequent tax withholding has a minor dilutive effect on existing shareholders.

Key Dates

Keywords

Varex Imaging Corp, VREX, Form 4, Insider Trading, Restricted Stock Units, Stock Vesting, Tax Withholding, Mark S. Jonaitis