Form 4: Visteon Director Jeffrey Jones Reports Stock Transactions
SEC Form 4 Filing
Director Jeffrey Jones reports acquisition and disposal of Visteon common stock and restricted stock units.
Summary
- On June 6, 2024, Jeffrey Jones, a director of Visteon Corporation, was granted 1,396 Restricted Stock Units (RSUs) under the company's 2020 Incentive Plan.
- These RSUs will convert to common stock on June 6, 2025, based on the then-current market value.
- On June 8, 2024, 841 RSUs vested and were converted into 841 shares of Visteon common stock.
- These shares were disposed of at an unspecified price.
- Following these transactions, Jones directly owns 1,396 RSUs and 2,033 shares of common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment. It's a neutral reporting of facts.
Future Outlook
The remaining Restricted Stock Units will be converted and distributed to Jones on June 6, 2025, based on the then-current market value of Visteon common stock.
Industry Context
This filing is a routine disclosure of stock transactions by a company insider, as required by the SEC. It provides transparency to investors regarding the actions of company leadership.
Key Dates
| Date | Description |
|---|---|
| 06/06/2024 | Grant date of 1,396 Restricted Stock Units. |
| 06/08/2024 | Vesting and conversion of 841 Restricted Stock Units into common stock. |
| 06/10/2024 | Date of signature on the Form 4 filing. |
| 06/06/2025 | Date of conversion and distribution of the 1,396 Restricted Stock Units. |
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