Visteon CEO granted new stock awards and RSUs
Lawande Sachin reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Lawande Sachin reported acquisition or exercise transactions in this Form 4 filing.
Visteon CEO Sachin Lawande reported new equity awards. He was granted 65,851 performance rights and 43,901 restricted stock units, each at a stated price of $0.0000 per unit as a grant or award.
Each performance right represents a contingent right to one share of Visteon common stock, vesting based on relative shareholder return and return on invested capital over a three-year performance period and payable in stock, subject to tax withholding. The restricted stock units vest 33% on each March 15 following the grant date and are settled in stock upon vesting, also subject to tax withholding. After these transactions, he directly holds 175,527 shares of common stock, with an additional 146,229 shares held indirectly by a SLAT.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 65,851 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 43,901 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| 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 CORP (VC) report for Sachin Lawande?
How many performance rights did VISTEON CORP (VC) grant to its CEO?
What restricted stock unit (RSU) awards did the VISTEON CORP (VC) CEO receive?
How do the VISTEON CORP (VC) performance rights for the CEO vest?
What is the vesting schedule for VISTEON CORP (VC) restricted stock units granted to the CEO?
What are Sachin Lawande’s reported common stock holdings in VISTEON CORP (VC)?
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