Visteon (VC) legal chief sells 5,000 shares under 10b5-1 plan
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VISTEON CORP senior vice president and chief legal officer Brett D. Pynnönen reported an open-market sale of company Common Stock. On June 5, 2026, he sold 5,000 shares at $120.00 per share. After this transaction, he directly holds 8,503 shares of Visteon common stock. The filing notes that the trade was executed pursuant to a Rule 10b5-1 trading plan adopted on March 5, 2026, indicating the sale was made under a pre-arranged trading program rather than discretionary timing.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Net Seller: 5,000 shares ($600,000)
Net Sell
1 txn
Insider
PYNNONEN BRETT D
Role
SVP & Chief Legal Officer
Sold
5,000 shs ($600K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 5,000 | $120.00 | $600K |
Holdings After Transaction:
Common Stock — 8,503 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Shares sold: 5,000 shares
Sale price: $120.00 per share
Shares after sale: 8,503 shares
+2 more
5 metrics
Shares sold
5,000 shares
Common Stock sold on June 5, 2026
Sale price
$120.00 per share
Open-market sale price on June 5, 2026
Shares after sale
8,503 shares
Total Common Stock held directly after transaction
Sell transactions
1 transaction
Non-derivative open-market sale reported in Form 4
Net shares sold
5,000 shares
Net buy/sell direction is net-sell in summary
Key Terms
Rule 10b5-1 trading plan, open-market sale, Common Stock, Form 4
4 terms
Rule 10b5-1 trading plan regulatory
"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
Form 4 regulatory
"The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan..."
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Visteon (VC) report for Brett D. Pynnönen?
Visteon reported that SVP and chief legal officer Brett D. Pynnönen executed an open-market sale of Common Stock. On June 5, 2026, he sold 5,000 Visteon shares as disclosed in a Form 4 insider trading report filed with regulators.
Was the Visteon (VC) insider sale by Brett D. Pynnönen under a Rule 10b5-1 plan?
Yes. The Form 4 footnote states that the transactions were effected pursuant to a Rule 10b5-1 trading plan adopted by Brett D. Pynnönen on March 5, 2026. Such plans pre-schedule trades according to predetermined instructions.