Form 4: Visteon Corp: Colleen Elizabeth Myers Reports Stock Transactions
SEC Form 4
Colleen Elizabeth Myers, Chief Accounting Officer of Visteon Corp, reports the vesting and conversion of restricted stock units and the withholding of shares for tax obligations on March 15, 2024.
Summary
- On March 15, 2024, Colleen Elizabeth Myers, the Chief Accounting Officer of Visteon Corp, had restricted stock units vest and convert into common stock.
- A total of 127 and 92 restricted stock units vested and were converted into common stock.
- Visteon withheld 44 and 32 shares of common stock at a price of $112.85 to cover income tax obligations related to the vesting of the restricted stock units.
- Following these transactions, Myers directly owns 83 and 143 shares of Visteon common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions by a company officer. It doesn't inherently indicate positive or negative sentiment.
Future Outlook
The restricted stock units vest to the extent of 33% of the units granted on the following March 15th of each year after the date of grant.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
- Employees may be interested in the stock transactions of company executives.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction: vesting and conversion of restricted stock units and tax withholding. |
| 03/15/2025 | Restricted Stock Units vest to the extent of 33% of the units granted on the following March 15th of each year after the date of grant. |
| 03/15/2026 | Restricted Stock Units vest to the extent of 33% of the units granted on the following March 15th of each year after the date of grant. |
| 03/19/2024 | Date of signature by Heidi A. Sepanik, Corporate Secretary, on behalf of Colleen E. Myers. |
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