Form 4: Viavi Solutions Inc. Executive Luke M. Scrivanich Reports Stock Transactions

Luke M. Scrivanich, SVP General Manager OSP at Viavi Solutions Inc., reports the vesting of restricted stock units and subsequent tax withholding, along with common stock transactions.

Summary

• On February 28, 2025, Luke M. Scrivanich, an SVP General Manager at Viavi Solutions Inc., reported transactions involving Viavi Solutions Inc. common stock and restricted stock units (RSUs).
• 30,000 restricted stock units vested and converted into 30,000 shares of common stock.
• The company withheld 15,677 shares to cover tax obligations related to the vesting of the RSUs at a price of $11.18 per share.
• Following these transactions, Scrivanich directly owns 70,200 shares of common stock, which includes 1,360 shares purchased through the ESPP plan.
• Scrivanich also continues to hold restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral filing, simply reporting required insider trading activity. It doesn't inherently indicate positive or negative sentiment about the company's performance.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives at publicly traded companies. It provides transparency into the trading activities of company insiders.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The transactions reported are typical for executives who receive stock-based compensation.

Stakeholder Impact

• The transactions have a minimal direct impact on stakeholders.
• The filing provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates