Form 4: Varex Imaging Corp: Officer Reports Stock Transactions
SEC Form 4 Filing
Karen L. Aranki, Chief Human Resources Officer of Varex Imaging Corp, reports the vesting of restricted stock units and subsequent tax withholding, along with employee stock purchase plan activity.
Summary
- On May 15, 2025, Karen L. Aranki, Chief Human Resources Officer of Varex Imaging Corp, executed transactions involving Varex Imaging Corp [VREX] common stock.
- Aranki vested 4,760 restricted stock units (RSUs), which converted into an equal number of common stock shares.
- 1,586 shares were withheld to satisfy tax obligations related to the vesting of these RSUs at a price of $7.89.
- Aranki also acquired 177 shares through the Varex Imaging Corporation 2017 Employee Stock Purchase Plan.
- Following these transactions, Aranki directly owns 3,351 shares of common stock and 4,760 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions. It doesn't inherently convey positive or negative sentiment.
Positives
- The reporting person's participation in the Employee Stock Purchase Plan indicates confidence in the company's future.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard practice for publicly traded companies. It provides transparency into the trading activities of company officers.
Comparison to Industry Standards
- Form 4 filings are standard practice across all publicly traded companies in the US, ensuring transparency of insider transactions.
- The vesting schedule of the restricted stock units (50% after 2 years, 50% after 4 years) is a common incentive structure used by companies to retain key employees.
- Employee Stock Purchase Plans (ESPP) are a widespread benefit offered by many companies, allowing employees to purchase company stock at a discounted rate.
Stakeholder Impact
- The transactions have a minor impact on shareholders, reflecting standard compensation practices.
- Employees benefit from the Employee Stock Purchase Plan.
Key Dates
| Date | Description |
|---|---|
| May 15, 2023 | Date the Restricted Stock Units were granted, vesting 50% on May 15, 2025 and 50% on May 15, 2027. |
| May 15, 2025 | Date of the reported transactions: vesting of RSUs, tax withholding, and ESPP purchase. |
| May 15, 2027 | Remaining 50% of the Restricted Stock Units vest. |
| May 16, 2025 | Date of signature for the Form 4 filing. |
Keywords
Varex Imaging Corp, Form 4, Stock Options, Restricted Stock Units, Insider Trading, Employee Stock Purchase Plan, VREX, Karen L. Aranki
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.