Form 4: Vistra Corp. EVP and CFO Kristopher E. Moldovan Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Kristopher E. Moldovan, EVP and CFO of Vistra Corp., reports acquisition of 7,966 shares of common stock and disposition of 3,135 shares for tax obligations.
Summary
- On March 1, 2024, Kristopher E. Moldovan, the EVP and CFO of Vistra Corp., reported changes in his beneficial ownership of Vistra Corp. stock.
- He acquired 7,966 shares of common stock related to performance-based restricted stock units.
- He disposed of 3,135 shares to cover tax obligations associated with the vesting of these units at a price of $47.62 per share.
- Following these transactions, Moldovan directly owns 142,239 shares of Vistra Corp. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing represents routine transactions related to executive compensation and tax obligations. There is no indication of positive or negative performance.
Positives
- The acquisition of shares indicates that performance goals were met, as certified by the Issuer's Social Responsibility and Compensation Committee.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to executive compensation and tax obligations.
Stakeholder Impact
- The filing provides transparency to shareholders regarding executive compensation and insider transactions.
Key Dates
| Date | Description |
|---|---|
| 2023-12-31 | End of the three-year performance period for restricted stock units. |
| 2024-02-21 | Date the Issuer's Social Responsibility and Compensation Committee certified the performance criteria. |
| 2024-03-01 | Date of stock acquisition and disposition. |
| 2024-03-04 | Date of signature on the 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.