Visteon SVP granted performance rights and RSUs
Visteon Corp Senior Vice President Joao Paulo Ribeiro reported equity awards rather than open-market trades.
Rhea-AI Filing Summary
Visteon Corp Senior Vice President Joao Paulo Ribeiro reported equity awards rather than open-market trades. He received 3,311 Performance Rights, each representing a contingent right to one share of common stock. These performance rights vest based on relative shareholder return and return on invested capital over a three-year performance period and are payable in stock, subject to tax withholding.
Ribeiro was also granted 2,208 Restricted Stock Units, which vest in 33% increments on the following March 15 of each year after the grant date. Each RSU converts into one share of Visteon common stock upon vesting, delivered without payment and based on the then-current market value, subject to tax withholding. Following these awards, he directly holds 6,698 shares of common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Rights | 3,311 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units | 2,208 | $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 Joao Paulo Ribeiro?
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What are the vesting terms of Joao Paulo Ribeiro’s Restricted Stock Units at Visteon (VC)?
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