Form 4: Visteon CEO Transfers Shares to Spousal Lifetime Access Trust
SEC Form 4 Filing
Visteon Corporation CEO Sachin Lawande transferred shares to a Spousal Lifetime Access Trust (SLAT), resulting in a change in beneficial ownership.
Summary
- Sachin Lawande, CEO and President of Visteon Corporation, filed a Form 4 to report changes in beneficial ownership of Visteon Corp [VC] stock.
- On May 1, 2025, Lawande transferred 146,229 shares of common stock to a Spousal Lifetime Access Trust (SLAT).
- Following the transaction, Lawande directly owns 175,527 shares and indirectly owns 146,229 shares through the SLAT.
- Lawande disclaims beneficial ownership of the shares held in the SLAT.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a transfer of shares to a trust, which is a neutral event from an investment perspective.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.
Stakeholder Impact
- The transfer of shares to a trust may have implications for the reporting person's estate planning but does not directly impact other stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/01/2025 | Date of the share transfer to the Spousal Lifetime Access Trust (SLAT) |
| 05/02/2025 | Date of signature by Heidi A. Sepanik, Corporate Secretary, on behalf of Sachin S. Lawande |
Keywords
Form 4, Visteon, Sachin Lawande, Beneficial Ownership, Spousal Lifetime Access Trust, SLAT, Share Transfer, CEO
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