Visteon (NASDAQ: VC) SVP Kim Seungkyung reports performance rights and RSUs
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
VISTEON CORP Senior Vice President Kim Seungkyung filed an initial Form 3 reporting existing equity award holdings. The filing lists performance rights over 1,116, 2,317 and 3,763 underlying shares of common stock with expiration dates in 2027, 2028 and 2029, respectively, each representing a contingent right to one share. Vesting is based on relative shareholder return and return on invested capital over a three‑year period and is payable in stock, subject to tax withholding.
The filing also reports restricted stock units over 246, 744, 2,317 and 2,509 underlying shares with scheduled vesting on March 15 of each year following grant. These units convert to common stock without cash payment upon vesting, based on the then current market value, also subject to tax withholding.
Positive
- None.
Negative
- None.
Insider Trade Summary
8 transactions reported
Mixed
8 txns
Insider
Kim Seungkyung
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Performance Rights | -- | -- | -- |
| holding | Performance Rights | -- | -- | -- |
| holding | Performance Rights | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Rights — 1,116 shares (Direct);
Restricted Stock Units — 246 shares (Direct);
Common Stock — 0 shares (Direct)
Footnotes (1)
- Each performance right represents a contingent right to receive one share of Visteon common stock. The vesting of the performance right is based on relative shareholder return over a three year performance period and payable in stock, subject to tax withholding. Each performance right represents a contingent right to receive one share of Visteon common stock. The vesting of the performance right is based on relative shareholder return and return on invested capital metrics over a three year performance period and payable in stock, subject to tax withholding. Restricted Stock Units vest to the extent of 33% of the units granted on the following March 15th of each year after the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in stock upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.
FAQ
What does the Form 3 filing for VISTEON CORP (VC) report for Kim Seungkyung?
The Form 3 reports Kim Seungkyung’s existing equity award holdings. It lists performance rights and restricted stock units tied to VISTEON CORP common stock, including the number of underlying shares and key vesting and expiration dates, but does not show any open‑market stock purchases or sales.
How many performance rights does Kim Seungkyung report in VISTEON CORP (VC)?
The filing lists three performance right awards. They cover 1,116, 2,317 and 3,763 underlying shares of VISTEON CORP common stock, each with a three‑year performance period and expiration dates in 2027, 2028 and 2029, and are payable in stock, subject to tax withholding.
What performance metrics affect Kim Seungkyung’s performance rights at VISTEON CORP (VC)?
The performance rights vest based on multi‑year performance metrics. Footnotes state vesting depends on relative shareholder return and, for certain grants, return on invested capital metrics measured over a three‑year performance period, with earned awards settled in VISTEON CORP common stock, subject to tax withholding.
How do Kim Seungkyung’s restricted stock units in VISTEON CORP (VC) vest?
The restricted stock units vest in roughly one‑third annual installments. Footnotes explain that 33% of units granted vest on each March 15 following the grant date, then convert into VISTEON CORP common stock without cash payment, based on the then current market value, subject to tax withholding.
Does the VISTEON CORP (VC) Form 3 show any common stock directly held by Kim Seungkyung?
The Form 3 shows zero directly held common shares. One line item lists common stock with total shares following the report of 0.0000, while the other entries describe derivative holdings through performance rights and restricted stock units tied to VISTEON CORP common stock.
Are Kim Seungkyung’s VISTEON CORP (VC) equity awards granted at an exercise price?
The reported awards show a zero exercise price. The performance rights and restricted stock units have an exercise or conversion price of 0.0000, indicating that when they vest, the underlying VISTEON CORP common shares are delivered without additional cash payment, subject to applicable tax withholding.