Form 4: Viavi Solutions CEO Oleg Khaykin Reports Stock Transactions
SEC Form 4 Filing
Oleg Khaykin, President & CEO of Viavi Solutions, reports the vesting and tax withholding of restricted stock units and performance stock units.
Summary
- Oleg Khaykin, the President and CEO of Viavi Solutions, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 28, 2025, 245,000 restricted stock units (RSUs) vested, converting into common stock.
- The company withheld 104,986 shares to cover tax obligations at a price of $11.18 per share.
- On March 1, 2025, 122,500 performance stock units (PSUs) vested, converting into common stock.
- The company withheld 52,492 shares to cover tax obligations at a price of $11.18 per share.
- Following these transactions, Khaykin directly owns 1,701,068 shares of common stock and indirectly owns 118,914 shares through his spouse.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which is neutral in sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their holdings in the company.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation.
Key Dates
| Date | Description |
|---|---|
| December 12, 2022 | Performance condition for performance stock units was determined to have been satisfied by the Board. |
| February 28, 2025 | 245,000 Restricted Stock Units (RSUs) vested and 104,986 shares were withheld for tax obligations at $11.18. |
| March 1, 2025 | 122,500 Performance Stock Units (PSUs) vested and 52,492 shares were withheld for tax obligations at $11.18. |
| March 4, 2025 | Date of the Form 4 filing. |
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