Form 4: Visteon Corp Executive Vallance Reports Stock Transactions
SEC Form 4 Filing
Senior Vice President Robert R. Vallance reports the vesting and conversion of restricted stock units into Visteon common stock, along with shares withheld for tax obligations.
Summary
- On March 15, 2024, Robert R. Vallance, a Senior Vice President at Visteon Corporation, reported transactions involving Visteon common stock.
- Vallance acquired 579, 826, and 550 shares of common stock through the vesting of restricted stock units.
- Simultaneously, shares were withheld to cover income tax obligations, with 253 and 341 and 227 shares disposed of at a price of $112.85.
- Following these transactions, Vallance directly owns 24,189 shares of Visteon common stock.
Sentiment
Score: 5
Explanation: The document reflects routine executive 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 have a minor impact on shareholders as they reflect standard executive compensation practices.
- Employees holding restricted stock units are directly affected by the vesting and conversion into common stock.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of earliest transaction, vesting of restricted stock units, and tax withholding. |
| 03/15/2025 | Date that 826 Restricted Stock Units vest. |
| 03/15/2026 | Date that 550 Restricted Stock Units vest. |
| 03/19/2024 | Date of signature on the SEC Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.