Form 4: Viavi Solutions SVP Global Sales, Gary W. Staley, Reports Stock Transactions
SEC Form 4 Filing
Gary W. Staley, SVP Global Sales at Viavi Solutions Inc., reports the vesting of restricted stock units and subsequent share transactions on February 28, 2025.
Summary
- On February 28, 2025, Gary W. Staley, SVP Global Sales at Viavi Solutions Inc., reported transactions involving Viavi Solutions Inc. common stock.
- Staley vested 37,500 restricted stock units (RSUs), each convertible into one share of common stock.
- 15,180 shares were withheld by the company to cover tax obligations related to the vesting of the RSUs at a price of $11.18 per share.
- Following these transactions, Staley directly owns 163,206 shares of Viavi Solutions Inc. common stock, which includes 1,799 shares purchased through the ESPP plan.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting stock transactions. 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 in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect insider trading activity, which is a normal part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of the reported transactions: vesting of restricted stock units and share withholding for tax obligations. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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