Form 4: Viavi Solutions Director Joanne Solomon Reports Stock Unit Conversion and Acquisition
SEC Form 4 Filing
Director Joanne Solomon reports the conversion of stock units into common stock and the acquisition of additional restricted stock units in Viavi Solutions Inc.
Summary
- On November 6, 2024, Joanne Solomon, a director of Viavi Solutions Inc., converted 26,819 restricted stock units into common stock.
- Following this transaction, Solomon beneficially owns 52,395 shares of common stock.
- On November 7, 2024, Solomon acquired 23,529 restricted stock units, which vest 100% on November 7, 2025.
- These restricted stock units convert into common stock upon vesting.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, which is common in the technology sector where stock-based compensation is prevalent.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Conversion of 26,819 restricted stock units into common stock. |
| 11/07/2024 | Acquisition of 23,529 restricted stock units. |
| 11/07/2025 | Vesting date for the 23,529 restricted stock units. |
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