Visteon SVP granted new stock awards
Visteon Corp senior vice president Sharif Qais received new equity awards.
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
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 3,763 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,509 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
Footnotes (2)
- F1. 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.
- F2. 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
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Visteon (VC) report for Sharif Qais?
How many Performance Rights did Sharif Qais receive at Visteon (VC)?
What are the vesting terms of Sharif Qais’s Restricted Stock Units at Visteon (VC)?
Do the Performance Rights granted to Sharif Qais at Visteon (VC) depend on performance metrics?
Are Sharif Qais’s new Visteon (VC) equity awards cash purchases of stock?
AI-generated analysis. How Rhea-AI works. Not financial advice.