Vistance Networks, Inc. (NASDAQ: COMM) CEO gets 407,500-share grant
Rhea-AI Filing Summary
Vistance Networks, Inc. President and CEO Charles L. Treadway received a grant of 407,500 shares of common stock on June 1, 2026 and had 647,157 shares withheld at $12.27 per share to cover taxes upon vesting of stock awards. After these transactions he directly holds 5,906,423 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 239,657 shares
Net Sell
2 txns
Insider
Treadway Charles L.
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 407,500 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 647,157 | $12.27 | $7.94M |
Holdings After Transaction:
Common Stock — 5,906,423 shares (Direct)
Footnotes (3)
- F1. Reflects restricted stock units that will vest ratably on 06/01/2027, 06/01/2028 and 06/01/2029, subject to the reporting person's continued employment with the issuer.
- F2. As previously reported, includes (a) 220,000 restricted stock units that were granted on 03/01/2024 and will vest on 06/01/2027; (b) 446,667 restricted stock units that were granted on 06/01/2024 and will vest on 06/01/2027; and (c) 525,000 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028; each subject to the reporting person's continued employment with the issuer.
- F3. Reflects shares withheld to cover taxes incurred upon the vesting of restricted stock units and performance share units.
Key Figures
Equity grant: 407,500 shares
Tax-withheld shares: 647,157 shares
Tax-withholding price: $12.27 per share
+4 more
7 metrics
Equity grant
407,500 shares
Common stock granted to CEO on June 1, 2026
Tax-withheld shares
647,157 shares
Shares withheld to cover taxes upon vesting of stock units
Tax-withholding price
$12.27 per share
Price applied to tax-withheld shares on June 1, 2026
Post-transaction holdings
5,906,423 shares
Direct common stock held by CEO after reported transactions
RSUs granted 03/01/2024
220,000 units
Restricted stock units vesting on June 1, 2027
RSUs granted 06/01/2024
446,667 units
Restricted stock units vesting on June 1, 2027
RSUs granted 03/01/2025
525,000 units
Restricted stock units vesting ratably on June 1, 2027 and June 1, 2028
Key Terms
restricted stock units, performance share units, tax-withholding disposition, vesting
4 terms
restricted stock units financial
"Reflects restricted stock units that will vest ratably on 06/01/2027, 06/01/2028 and 06/01/2029"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
vesting financial
"were granted on 03/01/2025 and will vest ratably on 06/01/2027 and 06/01/2028"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What equity award did Vistance Networks (COMM) grant its CEO?
Charles L. Treadway received a grant of 407,500 shares of common stock on June 1, 2026. The filing also notes restricted stock units scheduled to vest ratably in 2027, 2028 and 2029, contingent on his continued employment with Vistance Networks, Inc.
What restricted stock unit vesting schedules does Vistance Networks (COMM) disclose?
The filing notes 220,000 RSUs vesting on June 1, 2027, 446,667 RSUs vesting on June 1, 2027, and 525,000 RSUs vesting ratably on June 1, 2027 and June 1, 2028, each subject to CEO Charles L. Treadway’s continued employment with the company.
Were Vistance Networks (COMM) CEO transactions made under a Rule 10b5-1 plan?
The Form 4 indicates the Rule 10b5-1 checkbox is explicitly unchecked, and no footnote describes a trading plan. This suggests the reported grant and tax-withholding disposition were not affirmed as occurring under a pre-arranged Rule 10b5-1 trading plan.