Form 4: Viavi Solutions Director, Donald A. Colvin, Reports Stock Transactions
SEC Form 4 Filing
Director Donald A. Colvin reports the vesting and conversion of restricted stock units into Viavi Solutions common stock.
Summary
- On November 6, 2024, Donald A. Colvin, a director of Viavi Solutions Inc., reported the vesting of 26,819 restricted stock units (RSUs) which converted into an equal number of common stock shares.
- Following this transaction, Colvin directly owns 188,524 shares of Viavi Solutions common stock.
- On November 7, 2024, Colvin was granted 23,529 restricted stock units that vest 100% on November 7, 2025.
- After this transaction, Colvin directly owns 23,529 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral regulatory filing, reflecting standard insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This filing is a routine disclosure of insider transactions, which are common and expected for company directors.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it represents a standard vesting and conversion of previously granted equity.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Vesting and conversion of 26,819 restricted stock units into common stock. |
| 11/07/2024 | Grant of 23,529 restricted stock units. |
| 11/07/2024 | Form 4 filing date. |
| 11/07/2025 | Vesting date for 23,529 restricted stock units. |
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