Visteon (VC) senior vice president receives new stock-based awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Visteon Corp senior vice president Sharif Qais received new equity awards. He acquired 3,763 Performance Rights, each representing a contingent right to one share of common stock, which vest based on relative shareholder return and return on invested capital over a three-year period and are payable in stock, subject to tax withholding. He also acquired 2,509 Restricted Stock Units, which vest in three equal annual installments each March 15 after the grant date and convert into common stock without cash payment, based on the then current market value and subject to tax withholding. Following these awards, he directly holds 12,054 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Sharif Qais M
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 3,763 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 2,509 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Rights — 3,763 shares (Direct);
Restricted Stock Units — 2,509 shares (Direct);
Common Stock — 12,054 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 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 insider transactions did Visteon (VC) report for Sharif Qais?
Visteon reported that senior vice president Sharif Qais received equity awards of Performance Rights and Restricted Stock Units on March 1, 2026. These are stock-based incentives that vest over time and are settled in Visteon common stock, subject to tax withholding.
How many Performance Rights did Sharif Qais receive at Visteon (VC)?
Sharif Qais received 3,763 Performance Rights, each representing a contingent right to one share of Visteon common stock. Vesting depends on relative shareholder return and return on invested capital over a three-year performance period and is settled in stock, subject to tax withholding.
What are the vesting terms of Sharif Qais’s Restricted Stock Units at Visteon (VC)?
The 2,509 Restricted Stock Units granted to Sharif Qais vest 33% each March 15 following the grant date. Upon vesting, each unit converts into one share of Visteon common stock at then current market value, delivered without cash payment, subject to tax withholding.
Do the Performance Rights granted to Sharif Qais at Visteon (VC) depend on performance metrics?
Yes, the Performance Rights vest based on relative shareholder return and return on invested capital over a three-year performance period. Only if these performance metrics are achieved will the rights convert into shares of Visteon common stock, subject to tax withholding requirements.
Are Sharif Qais’s new Visteon (VC) equity awards cash purchases of stock?
No, these awards are not cash stock purchases. The Performance Rights and Restricted Stock Units are stock-based compensation that convert into Visteon common shares upon vesting, without additional payment, although the resulting shares are subject to applicable tax withholding.