Form 4: Viavi Solutions Director Masood Jabbar Reports Stock Unit Conversion and Acquisition
SEC Form 4 Filing
Director Masood Jabbar converted 26,819 stock units into common stock and acquired 23,529 restricted stock units in Viavi Solutions.
Summary
- On November 6, 2024, Director Masood Jabbar converted 26,819 stock units into common stock at a price of $0.
- Following this transaction, Jabbar directly owns 240,333 shares of common stock.
- On November 7, 2024, Jabbar acquired 23,529 restricted stock units (RSUs) which vest 100% on November 7, 2025.
- After the acquisition, Jabbar directly owns 23,529 derivative securities.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions by a company director, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company insiders.
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 stock units into common stock. |
| 11/07/2024 | Acquisition of 23,529 restricted stock units. |
| 11/07/2025 | Vesting date for 23,529 restricted stock units. |
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