Director Robert Manzo converts 1,829 RSUs into Visteon (VC) common stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Visteon director Robert Manzo reported routine equity compensation activity. On June 5, 2026, Restricted Stock Units that are economically equivalent to common shares automatically vested and were converted into 1,829 shares of Visteon common stock at a stated price of $0.00 per share.
Following the vesting, Manzo directly holds 7,258 shares of common stock. In addition, 4,000 shares are reported as indirectly owned through his spouse. The RSU conversion included 15 shares credited as dividend equivalents under the Visteon Corporation 2020 Incentive Plan, and no open‑market sale is reported in this filing.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,829 shares exercised/converted
Mixed
3 txns
Insider
MANZO ROBERT
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,829 | $0.00 | -- |
| Exercise | Common Stock | 1,829 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 0 shares (Direct, null);
Common Stock — 7,258 shares (Direct, null);
Common Stock — 4,000 shares (Indirect, By Spouse)
Footnotes (1)
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Key Figures
RSU shares vested: 1,829 shares
Direct holdings after transaction: 7,258 shares
Indirect holdings by spouse: 4,000 shares
+2 more
5 metrics
RSU shares vested
1,829 shares
Restricted Stock Units converted to common stock on June 5, 2026
Direct holdings after transaction
7,258 shares
Common stock directly owned after June 5, 2026 vesting
Indirect holdings by spouse
4,000 shares
Common stock reported as indirectly owned through spouse
RSU conversion price
$0.00 per share
Stated transaction price for RSU-to-stock conversion
Dividend equivalent shares
15 shares
Additional shares from dividend equivalents under 2020 Incentive Plan
Key Terms
Restricted Stock Units, dividend equivalents, Visteon Corporation 2020 Incentive Plan
3 terms
Restricted Stock Units financial
"Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on June 5, 2026"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalents financial
"15 of the shares reflect dividend equivalents paid in additional shares pursuant to the terms of the Visteon Corporation 2020 Incentive Plan"
Payments tied to employee or contractor equity awards that mirror the cash dividends paid on the company’s stock; they give the holder the same economic benefit as owning the shares without transferring actual shares—often paid in cash or additional award units when the award becomes payable. Investors care because these payments affect a company’s compensation costs, cash flow and potential share dilution, and they signal how management is being rewarded and aligned with shareholders.
Visteon Corporation 2020 Incentive Plan financial
"shares reflect dividend equivalents paid in additional shares pursuant to the terms of the Visteon Corporation 2020 Incentive Plan"
FAQ
What insider activity did VISTEON (VC) director Robert Manzo report?
Robert Manzo reported automatic vesting and conversion of Restricted Stock Units into Visteon common stock. The RSUs vested on June 5, 2026 and were paid in shares as part of his equity compensation, rather than representing an open-market stock purchase or sale.
Did the VISTEON (VC) Form 4 show any open-market stock sales by Robert Manzo?
The Form 4 does not report any open-market sales by Manzo. It shows an exercise/conversion of Restricted Stock Units into 1,829 common shares at a stated price of $0.00 per share, which is a standard equity compensation event rather than a discretionary sale transaction.
How were dividend equivalents treated in Robert Manzo’s VISTEON (VC) RSU vesting?
Fifteen of the shares received on June 5, 2026 represent dividend equivalents. These were paid in additional Visteon common shares according to the Visteon Corporation 2020 Incentive Plan, effectively reinvesting dividend value into extra stock at the time of vesting.
What does the Form 4 reveal about indirect VISTEON (VC) ownership for Robert Manzo?
The filing reports 4,000 Visteon common shares held indirectly "By Spouse." This indicates those shares are owned through his spouse rather than directly by Manzo, but they are still reported as part of his overall beneficial ownership position in the company.