Visteon (VC) director Marjorie Sennett awarded 1,333 RSUs as equity pay
Rhea-AI Filing Summary
VISTEON CORP director Marjorie Sennett received a grant of 1,333 Restricted Stock Units (RSUs) under the company’s 2020 Incentive Plan. The RSUs were credited to her account without any payment by her and are tied to an equivalent number of shares of common stock.
According to the award terms, these RSUs are scheduled to convert into and be distributed as shares of common stock on the one-year anniversary of the June 11 grant date, also without payment. Following this award, she holds 1,333 RSUs directly, reflecting routine equity-based director compensation rather than an open-market stock purchase or sale.
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Insights
Director received a routine RSU grant as part of equity compensation.
Director Marjorie Sennett was awarded 1,333 Restricted Stock Units in VISTEON CORP under its 2020 Incentive Plan. The grant carries a reference price of $120.05 per unit and requires no cash payment from her.
The RSUs are scheduled to convert into common shares on the one-year anniversary of the June 11 grant. This is a standard, compensation-driven transaction, not an open-market buy or sale, and therefore offers limited informational value about her view of the stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,333 | $120.05 | $160K |
Footnotes (1)
- F1. These Restricted Stock Units were credited to my account, with out payment by me, under the Company's 2020 Incentive Plan. In general, these Restricted Stock Units will be converted and distributed to me, without payment, in shares of common stock on the one year anniversary of the date of grant, based upon the then current market value of a share of common stock.
Key Figures
Key Terms
Restricted Stock Units financial
2020 Incentive Plan financial
underlying security financial
Common Stock financial
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