Form 4: VIAVI Executive Scrivanich Reports Stock Transactions

VIAVI Solutions SVP Luke Scrivanich reported the vesting and conversion of market stock units into common stock, alongside shares withheld for tax obligations.

Summary

• SVP General Manager OSP, Luke M. Scrivanich, acquired a total of 43,657 shares of VIAVI Solutions Inc. common stock through the vesting and conversion of Market Stock Units (MSUs) on September 23, 2025.
• Concurrently, 22,171 shares were disposed of by the company at a price of $12.41 per share to satisfy tax withholding obligations related to the vesting awards.
• The vesting of MSUs occurred in three tranches: 5,944 shares (3rd tranche, granted August 28, 2022) vested at 56.67% of target, 12,317 shares (2nd tranche, granted August 28, 2023) vested at 90.33% of target, and 25,396 shares (1st tranche, granted August 28, 2024) vested at 128.00% of target.
• These vesting percentages were determined based on the company's total stockholder return during their respective performance periods as outlined in the grant agreements.
• Following these transactions, Mr. Scrivanich directly beneficially owns 88,322 shares of common stock and 39,682 Market Stock Units.

Sentiment

Score: 6

Explanation: The filing reflects routine executive compensation events, with some tranches vesting above target and others below, indicating mixed performance against specific metrics but no new material information.

Positives

• The vesting of market-leveraged stock units, particularly the 1st tranche at 128.00% of target, indicates strong performance against specific metrics for that period.
• The executive's continued significant beneficial ownership of common stock (88,322 shares) and remaining Market Stock Units (39,682) aligns his interests with those of shareholders.

Negatives

• The 3rd tranche of market-leveraged stock units vested at a lower rate of 56.67% of target, suggesting underperformance against specific metrics for that particular grant period.
• The 2nd tranche also vested below target at 90.33%, indicating some degree of underperformance for that period.

Risks

• Executive compensation tied to market-leveraged stock units means that the value of awards and the number of shares received are directly influenced by the company's total stockholder return, which can be volatile and subject to market fluctuations.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The executive's continued significant stock ownership aligns his financial interests with those of the company's shareholders.
• Employees: The report reflects standard executive compensation practices, which may influence broader compensation strategies within the company.

Key Dates

Recommendation

This Form 4 details routine executive compensation events, specifically the vesting of market-leveraged stock units and subsequent tax-related share dispositions. While the vesting percentages show mixed performance against targets, these are pre-scheduled events and do not introduce new material information that would warrant a change in investment recommendation. The executive's continued significant ownership aligns interests with shareholders.

Keywords

VIAVI Solutions, VIAV, Form 4, Insider Transaction, Executive Compensation, Market Stock Units, Stock Vesting, Tax Withholding, Luke Scrivanich