Form 4: Varex Imaging Corp SVP and CLO Kimberley E. Honeysett Sells Shares Under 10b5-1 Trading Plan

Kimberley E. Honeysett, SVP and CLO of Varex Imaging Corp, sold 2,578 shares of common stock at $12.53 per share on August 20, 2024, under a pre-arranged 10b5-1 trading plan.

Summary

• On August 20, 2024, Kimberley E. Honeysett, SVP and CLO of Varex Imaging Corp, sold 2,578 shares of Varex Imaging Corp (VREX) common stock.
• The shares were sold at a price of $12.53 per share.
• The transaction was executed under a 10b5-1 trading plan adopted on May 21, 2024.
• Following the transaction, Honeysett directly owns 275 shares and indirectly owns 195 shares through a trust.

Sentiment

Score: 5

Explanation: Neutral. The filing simply reports a sale of shares under a pre-arranged trading plan, which is a common practice. There's no indication of positive or negative sentiment.

Industry Context

This filing is a routine disclosure of an insider transaction. It's common for executives to use 10b5-1 trading plans to sell shares over time to avoid accusations of insider trading. The impact on the stock is usually minimal unless the sale is unusually large or coincides with other negative news.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, but the impact is likely to be minimal given the existence of the 10b5-1 trading plan.

Key Dates