Form 4: Viavi Solutions Director Tor Braham Reports Stock Transactions
SEC Form 4 Filing
Director Tor Braham reports the conversion of restricted stock units into common stock of Viavi Solutions.
Summary
- On November 6, 2024, Director Tor Braham converted 26,819 restricted stock units (RSUs) into common stock of Viavi Solutions.
- This transaction resulted in Braham owning 188,524 shares of common stock following the reported transaction.
- The RSUs converted at a price of $0.
- The RSUs vest on the earlier of the one-year anniversary of the grant or the next Annual Meeting of Stockholders and have no expiration date.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as directors and officers, ensuring fair market practices.
Stakeholder Impact
- The transaction may have a minor dilutive effect on existing shareholders due to the increase in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 11/06/2024 | Date of transaction: conversion of restricted stock units to common stock |
| 11/07/2024 | Date of signature on the Form 4 filing |
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