Form 4: Viavi Solutions CFO Ilan Daskal Reports Stock Transactions

Viavi Solutions' CFO, Ilan Daskal, reported multiple transactions involving the acquisition and disposal of company stock and stock units on November 28, 2024.

Summary

• Ilan Daskal, the CFO of Viavi Solutions, engaged in several transactions involving company stock and stock units on November 28, 2024.
• These transactions included the acquisition of common stock through the vesting of market stock units and restricted stock units.
• A portion of the shares were then disposed of to cover tax withholding obligations related to the vesting of these units.
• The transactions involved multiple vesting events of market stock units and restricted stock units, each converting into one share of common stock.
• The price of the common stock used for tax withholding was $9.88 per share.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to executive compensation. There is no indication of positive or negative sentiment, but the accumulation of shares is generally a positive sign.

Positives

• The vesting of stock units indicates that the CFO is accumulating more shares in the company.
• The transactions are a normal part of executive compensation and do not indicate any negative sentiment.

Industry Context

This is a routine filing related to executive compensation and is common for publicly traded companies.

Comparison to Industry Standards

• Stock-based compensation is a common practice among publicly traded technology companies like Viavi Solutions.
• The vesting schedules and tax withholding practices are standard and similar to those of other companies in the sector such as Juniper Networks and Ciena.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they are related to executive compensation.
• The transactions do not have a direct impact on employees, customers, suppliers, or creditors.

Key Dates

Keywords

Form 4, Viavi Solutions, Ilan Daskal, CFO, Stock Transactions, Market Stock Units, Restricted Stock Units, Beneficial Ownership, SEC Filing