Form 4: VIAVI COO Petrucci Granted 9,017 Market Stock Units

VIAVI Solutions' SVP and Chief Operations Officer, Anthony Michael Petrucci, was granted 9,017 market stock units following the satisfaction of performance metrics.

Summary

• Anthony Michael Petrucci, SVP, Chief Operations Officer of VIAVI SOLUTIONS INC. (VIAV), acquired 9,017 Market Stock Units (MSUs).
• The transaction date for this acquisition was September 23, 2025.
• These MSUs were initially granted on May 28, 2025, and reflect the satisfaction of specific performance metrics.
• Each market stock unit converts into one share of common stock upon vesting.
• The acquired MSUs will vest on May 28, 2026, contingent upon Petrucci's continued service.
• Following this transaction, Petrucci beneficially owns a total of 21,909 derivative securities (Market Stock Units).
• The acquisition price for these MSUs was $0, which is typical for equity grants.

Sentiment

Score: 6

Explanation: Slightly positive. The grant reflects the satisfaction of performance metrics, indicating good executive performance. However, it is a routine compensation event and not a significant market-moving announcement.

Positives

• The grant of market stock units indicates the satisfaction of performance metrics, suggesting positive executive performance.
• Equity compensation aligns the interests of the Chief Operations Officer with those of shareholders, incentivizing long-term company growth.

Future Outlook

The acquired Market Stock Units are scheduled to vest on May 28, 2026, provided the SVP, Chief Operations Officer, Anthony Michael Petrucci, remains in service.

Industry Context

Executive equity compensation, such as Market Stock Units, is a standard practice across various industries to attract, retain, and motivate key management personnel. It is designed to align executive incentives with shareholder value creation by tying compensation to company performance and stock price movements.

Comparison to Industry Standards

• The use of Market Stock Units (MSUs) as a form of executive compensation is a common practice in the technology and telecommunications sectors, similar to companies like Cisco, Juniper Networks, or Keysight Technologies, which frequently utilize performance-based equity awards.
• The vesting schedule tied to continued service and prior satisfaction of performance metrics is a standard structure for such awards, aiming to ensure long-term commitment and reward achievement of strategic objectives.
• This filing does not provide specific comparable data on the size or terms of similar grants at other companies, but the general mechanism aligns with prevalent industry compensation strategies.

Stakeholder Impact

• Shareholders: The grant aligns management's interests with shareholder value creation through equity ownership, potentially fostering long-term growth.
• Employees: Reflects standard executive compensation practices, which can influence overall company compensation philosophy.

Next Steps

• The Market Stock Units will convert into common stock upon vesting on May 28, 2026, subject to continued service.

Key Dates

Keywords

VIAVI Solutions, VIAV, Anthony Michael Petrucci, Market Stock Units, MSUs, Executive Compensation, Insider Transaction, Equity Grant, Performance Metrics