Visteon (VC) Senior VP receives new performance rights and RSU awards
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Visteon Corporation Senior Vice President Kristin Trecker reported equity awards, not open‑market trades. She received 6,028 performance rights that each represent a contingent right to one share of Visteon common stock, vesting over a three-year period based on relative shareholder return and return on invested capital metrics, and settled in stock subject to tax withholding.
She also received 4,019 restricted stock units that vest 33% on each March 15 following the grant date and are converted into stock upon vesting, also subject to tax withholding. Following these awards, she directly holds 9,194 shares of Visteon common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Trecker Kristin
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 6,028 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 4,019 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Rights — 6,028 shares (Direct);
Restricted Stock Units — 4,019 shares (Direct);
Common Stock — 9,194 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) Senior Vice President Kristin Trecker report?
Kristin Trecker reported equity award grants, not stock purchases or sales. She received 6,028 performance rights and 4,019 restricted stock units, both settled in Visteon common stock upon vesting and subject to tax withholding, increasing her direct equity-based compensation exposure.
How many performance rights did Kristin Trecker receive from Visteon (VC)?
She received 6,028 performance rights, each representing a contingent right to one Visteon common share. These rights vest over a three-year performance period based on relative shareholder return and return on invested capital metrics, and are payable in stock, subject to applicable tax withholding.
How do Kristin Trecker’s restricted stock units from Visteon (VC) vest?
Her 4,019 restricted stock units vest in three installments. Thirty‑three percent of the units vest on each March 15 following the grant date. Upon vesting, each unit converts into one share of Visteon common stock, delivered without cash payment but subject to tax withholding.
What performance conditions apply to Visteon (VC) performance rights granted to Kristin Trecker?
The performance rights vest based on two metrics over a three‑year period: relative shareholder return and return on invested capital. Each vested performance right delivers one Visteon common share, with the actual payout depending on achievement of these specified performance conditions and subject to tax withholding.
Are Kristin Trecker’s recent Visteon (VC) Form 4 transactions open‑market buys or sells?
The transactions are equity compensation awards rather than market trades. The Form 4 shows grants of performance rights and restricted stock units with a per‑unit price of zero, indicating stock-based compensation that vests over time instead of immediate purchases or sales in the open market.