Visteon awards stock units to legal chief
PYNNONEN BRETT D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
PYNNONEN BRETT D reported acquisition or exercise transactions in this Form 4 filing.
Visteon Corp granted equity awards to its SVP & Chief Legal Officer, Brett D. Pynnonen. He received 7,573 performance rights, each representing a contingent right to one share of common stock, with vesting based on relative shareholder return and return on invested capital over a three‑year performance period.
He was also granted 5,049 restricted stock units, which vest 33% on each March 15 following the grant date. Both awards are settled in Visteon common stock upon vesting, subject to tax withholding. Following these awards, his direct common stock holdings total 11,767 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 7,573 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 5,049 | $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
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What insider transactions did Visteon (VC) report for Brett D. Pynnonen?
How do the performance rights granted by Visteon (VC) to Brett Pynnonen vest?
What are the vesting terms for Brett Pynnonen’s restricted stock units at Visteon (VC)?
Are Brett Pynnonen’s new Visteon (VC) equity awards granted at a purchase price?
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