Form 4: Visteon SVP Brett Pynnonen Reports Stock Transactions Following Performance Rights Vesting
SEC Form 4 Filing
Visteon's SVP & Chief Legal Officer, Brett Pynnonen, reports the conversion and sale of common stock related to vested performance rights, along with shares withheld for tax obligations.
Summary
- On February 14, 2025, Brett Pynnonen, SVP & Chief Legal Officer of Visteon Corporation, reported transactions involving Visteon common stock.
- These transactions include the conversion of 2,408 performance rights into common stock.
- Additionally, 1,132 shares were withheld by Visteon at a price of $83.21 to cover income tax obligations related to the vesting of these performance rights.
- Following these transactions, Pynnonen directly owns 11,713 shares of Visteon common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, and does not inherently convey positive or negative sentiment.
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 involve the issuance and sale of a relatively small number of shares.
Key Dates
| Date | Description |
|---|---|
| 2024-12-31 | End of the three-year performance period for the performance rights. |
| 2025-01-31 | Date performance rights were exercisable. |
| 2025-02-14 | Date of the stock transactions (conversion of performance rights and tax withholding). |
| 2025-02-18 | Date of the signature on the Form 4 filing. |
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