Form 4: Visteon CFO Jerome Rouquet Reports Stock Transactions Following RSU Vesting

Jerome Rouquet, CFO of Visteon Corporation, reports the vesting of restricted stock units (RSUs) and subsequent stock transactions to cover tax obligations.

Summary

• On March 15, 2024, Jerome Rouquet, the Senior Vice President & CFO of Visteon Corporation, had restricted stock units (RSUs) vest and convert into common stock.
• A total of 4,017 RSUs vested and were converted into common stock.
• Simultaneously, Visteon withheld shares to cover income tax obligations related to the vesting of these RSUs.
• The price per share for these transactions was $112.85, based on the fair market value of Visteon common stock on March 15, 2024.
• Following these transactions, Rouquet directly owns 18,135 shares of Visteon common stock.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to executive compensation. It doesn't indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. The vesting of RSUs is a common form of executive compensation.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.

Key Dates