Form 4: Viavi Solutions SVP Global Operations Reports Stock Transactions
SEC Form 4 Filing
Ralph Rondinone, SVP Global Operations at Viavi Solutions, reports the vesting and subsequent tax withholding of restricted stock units.
Summary
- On August 28, 2024, Ralph Rondinone, SVP Global Operations at Viavi Solutions, reported transactions involving common stock and restricted stock units (RSUs).
- Rondinone vested 6,920, 8,158, and 10,606 RSUs, each converting into one share of common stock.
- The company withheld 3,069, 3,618, and 4,704 shares respectively at a price of $8.49 to cover tax obligations related to the vesting of the RSUs.
- Following these transactions, Rondinone directly owns 47,015 shares of Viavi Solutions common stock and 21,212 RSUs.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they relate to executive compensation and do not represent a significant change in the company's financial position.
Key Dates
| Date | Description |
|---|---|
| 08/28/2024 | Date of transactions involving common stock and restricted stock units. |
| 08/30/2024 | Date of signature of the report. |
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