Form 4: Visteon Corp: SVP & Chief Legal Officer Brett D. Pynnonen Reports Stock Transactions
SEC Form 4
Brett D. Pynnonen, SVP & Chief Legal Officer of Visteon Corp, reports the vesting and conversion of restricted stock units into common stock, along with shares withheld for tax obligations.
Summary
- On March 15, 2025, Brett D. Pynnonen, SVP & Chief Legal Officer of Visteon Corp, had restricted stock units vest and convert into common stock.
- A total of 2226 restricted stock units vested and were converted into common stock.
- Visteon withheld shares to cover income tax obligations related to the vesting of these units.
- The price per share for tax withholding was $80.61, based on the fair market value of Visteon common stock on March 14, 2025.
- Following these transactions, Pynnonen directly owns 12,967 shares of Visteon common stock and 1,740 restricted stock units.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock-based awards, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Stakeholder Impact
- The transactions reported may have a minor impact on the overall shareholding structure of Visteon Corp.
Key Dates
| Date | Description |
|---|---|
| 03/14/2025 | Date used to determine the fair market value of Visteon common stock for tax withholding purposes ($80.61). |
| 03/15/2025 | Date of the reported transactions, including vesting and conversion of restricted stock units and tax withholding. |
| 03/15/2025 | 780 Restricted Stock Units vested. |
| 03/15/2026 | 577 Restricted Stock Units vest. |
| 03/15/2027 | 869 Restricted Stock Units vest. |
| 03/18/2025 | Date of signature on the Form 4 filing. |
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