Form 4: Viavi Solutions SVP James Veler Jr. Reports Stock Transactions
SEC Form 4 Filing
James Veler Jr., SVP and Chief Operations Officer of Viavi Solutions, reports the vesting of restricted stock units and subsequent share transactions.
Summary
- On February 28, 2025, James Veler Jr., SVP and Chief Operations Officer of Viavi Solutions, reported transactions involving Viavi Solutions common stock.
- Veler vested 25,000 restricted stock units (RSUs), each convertible into one share of common stock.
- 11,193 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, Veler directly owns 13,807 shares of Viavi Solutions common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral 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 may have a minor impact on shareholders due to the change in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/28/2025 | Date of stock unit conversion and share withholding for tax obligations. |
| 03/04/2025 | Date of signature on the Form 4 filing. |
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