Visteon (VC) director receives 1,532 restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
VISTEON CORP director Gary Hicok reported a compensation grant of 1,532 Restricted Stock Units (RSUs). The RSUs were credited to his account without payment by him under the company’s 2020 Incentive Plan at a reference value of $99.02 per unit.
According to the footnote, these RSUs are generally scheduled to be converted and distributed in shares of common stock on the one-year anniversary of the grant date, based on the then current market value of the common stock. After this filing, he holds 1,532 RSUs and no directly owned common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Hicok Gary
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 1,532 | $99.02 | $152K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,532 shares (Direct, null);
Common Stock — 0 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSUs granted: 1,532 units
RSU reference value: $99.02 per unit
Common shares after filing: 0 shares
+2 more
5 metrics
RSUs granted
1,532 units
Restricted Stock Units granted to director Gary Hicok
RSU reference value
$99.02 per unit
Value per Restricted Stock Unit at grant
Common shares after filing
0 shares
Directly held VISTEON CORP common stock
RSU holdings after filing
1,532 units
Total Restricted Stock Units held following grant
Grant and vesting dates
Grant: 2026-07-01; Conversion: 2027-07-01
RSUs generally convert one year after grant
Key Terms
Restricted Stock Units, 2020 Incentive Plan, common stock
3 terms
Restricted Stock Units financial
"These Restricted Stock Units were credited to my account, with out payment by me"
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.
2020 Incentive Plan financial
"under the Company's 2020 Incentive Plan"
common stock financial
"will be converted and distributed to me, without payment, in shares of 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.
FAQ
What insider transaction did VISTEON CORP (VC) director Gary Hicok report?
Director Gary Hicok reported receiving 1,532 Restricted Stock Units as compensation. These RSUs were granted under VISTEON CORP’s 2020 Incentive Plan and were credited to his account without any cash payment by him, reflecting a standard equity-based award.
How many Restricted Stock Units did Gary Hicok receive from VISTEON CORP (VC)?
Gary Hicok received 1,532 Restricted Stock Units from VISTEON CORP. The RSUs were granted as a stock-based compensation award and are tied to the company’s common stock, with a reference value of $99.02 per unit at the time of grant.
When will Gary Hicok’s VISTEON CORP (VC) RSUs generally convert into common stock?
The RSUs are generally scheduled to convert into common stock on the one-year anniversary of the grant date. At that time, they will be distributed in shares of VISTEON CORP common stock, based on the then current market value per share.
Did Gary Hicok pay cash for the VISTEON CORP (VC) Restricted Stock Units?
He did not pay cash for the RSUs. The footnote states the Restricted Stock Units were credited to his account without payment by him under VISTEON CORP’s 2020 Incentive Plan, making this a non-cash equity compensation grant.
What does the $99.02 figure represent in Gary Hicok’s VISTEON CORP (VC) RSU grant?
The filing lists a value of $99.02 per Restricted Stock Unit for the grant. This amount reflects the reference price used for the 1,532-unit award, indicating the notional value of each RSU at the time it was credited to his account.