Form 4: Visteon CEO Sachin Lawande Reports Stock Transactions Following Performance Right Conversion
SEC Form 4 Filing
Visteon CEO Sachin Lawande reports the conversion of performance rights into common stock and subsequent tax withholding.
Summary
- On February 14, 2025, Sachin Lawande, CEO and President of Visteon Corporation, reported transactions involving Visteon common stock.
- 25,738 shares were acquired through the conversion of performance rights, which are the economic equivalent of one share of Visteon common stock.
- 11,262 shares were withheld by Visteon to satisfy income tax withholding obligations related to the vesting of these performance rights at a price of $83.21.
- Following these transactions, Lawande directly owns 287,596 shares of Visteon common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with neutral sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the actions of company executives regarding their holdings of company stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect the CEO's compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 01/31/2025 | Date related to the performance rights. |
| 02/14/2025 | Date of the stock transaction and conversion of performance rights. |
| 02/18/2025 | Date of the form signature. |
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