Versigent (VGNT) CFO granted 126,104 shares after Aptiv distribution
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Versigent PLC Chief Financial Officer Ostermann Douglas R received 126,104 ordinary shares or related share-based awards. The Form 4 shows a grant or award acquisition at a price of $0.00 per share, leaving him with 126,104 ordinary shares held directly after the transaction.
According to the footnotes, these Issuer RSU Awards arose from the conversion of prior Aptiv PLC restricted stock unit awards and include Versigent ordinary shares received in Aptiv’s pro rata distribution of all Versigent shares to Aptiv shareholders.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Ostermann Douglas R
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary shares, par value $0.01 per share | 126,104 | $0.00 | -- |
Holdings After Transaction:
Ordinary shares, par value $0.01 per share — 126,104 shares (Direct)
Footnotes (1)
- On April 1, 2026 (the "Distribution Date"), Aptiv PLC ("Aptiv") completed a distribution of all of the ordinary shares, par value $0.01 per share, of the Issuer ("Issuer Ordinary Shares") to holders of ordinary shares of Aptiv ("Aptiv Ordinary Shares") on a pro rata basis (the "Distribution"). Under the Employee Matters Agreement, dated March 30, 2026, between Aptiv and Issuer, and the Aptiv Long-Term Incentive Plan (the "LTIP"), each restricted stock unit award with respect to Aptiv Ordinary Shares granted by Aptiv under the LTIP prior to the Distribution Date (each, an "Aptiv RSU Award") was equitably adjusted and converted into a restricted stock unit award with respect to Issuer Ordinary Shares (each, an "Issuer RSU Award"), based on (I) the number of Aptiv Ordinary Shares underlying the Aptiv RSU Award immediately prior to the Distribution and (II) a fraction, the numerator of which is (A) the closing price of an Aptiv Ordinary Share on the New York Stock Exchange ("NYSE") on the trading day immediately after the Distribution Date, and (B) the denominator of which is the two-day volume-weighted average price of an Issuer Ordinary Share on the NYSE during the first and second trading days immediately after the Distribution (the "Award Conversion"). Represents Issuer RSU Awards upon the conversion of certain Aptiv RSU Awards held by the Reporting Person as of immediately prior to the Distribution pursuant to the Award Conversion. The Issuer RSU Awards are subject to the terms of the Versigent PLC 2026 Long-Term Incentive Plan and are generally subject to substantially the same terms, vesting conditions and other restrictions as applicable to the related Aptiv RSU Award as of immediately prior to the Distribution. This amount includes Issuer Ordinary Shares received by the Reporting Person in connection with the Distribution.
Key Figures
Shares/RSU awards acquired: 126,104 shares
Transaction price per share: $0.00 per share
Total shares held after transaction: 126,104 shares
3 metrics
Shares/RSU awards acquired
126,104 shares
Grant/award acquisition on April 2, 2026
Transaction price per share
$0.00 per share
Equity grant, not market purchase
Total shares held after transaction
126,104 shares
Direct ownership following Form 4 transaction
Key Terms
restricted stock unit award, Employee Matters Agreement, Distribution Date, Long-Term Incentive Plan, +1 more
5 terms
restricted stock unit award financial
"each restricted stock unit award with respect to Aptiv Ordinary Shares granted by Aptiv under the LTIP"
A restricted stock unit award is a promise by a company to give an employee a specified number of company shares at a future date if certain conditions are met, such as staying with the company or hitting performance goals. For investors, these awards matter because they can increase the total number of shares outstanding when converted, diluting existing holders, and they align employees’ incentives with shareholders’ interests much like giving a rising bonus that becomes real only after conditions are satisfied.
Employee Matters Agreement regulatory
"Under the Employee Matters Agreement, dated March 30, 2026, between Aptiv and Issuer"
Distribution Date financial
"On April 1, 2026 (the "Distribution Date"), Aptiv PLC completed a distribution"
The distribution date is the day a company, fund, or trust actually pays out cash or other assets to its shareholders or unitholders. Think of it as the payday when owners receive dividends, interest, or capital gains distributions; it matters to investors because it determines when you get the money, can affect the security’s price that day, and has tax and cash-flow consequences.
Long-Term Incentive Plan financial
"the Aptiv Long-Term Incentive Plan (the "LTIP")"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
volume-weighted average price financial
"the two-day volume-weighted average price of an Issuer Ordinary Share on the NYSE"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
FAQ
What did Versigent (VGNT-WI) disclose in this Form 4 for its CFO?
Versigent reported that Chief Financial Officer Ostermann Douglas R acquired 126,104 ordinary shares or related RSU awards. The acquisition was recorded as a grant or award at $0.00 per share, and he now directly holds 126,104 Versigent ordinary shares following this transaction.
Was the Versigent CFO’s Form 4 transaction a market purchase or sale?
The transaction was reported as a grant or award acquisition, not an open‑market trade. The Form 4 uses transaction code “A” for a grant, with a transaction price of $0.00 per share, indicating compensation-related equity rather than a standard market buy or sell.
How is Aptiv PLC involved in the Versigent (VGNT-WI) CFO equity award?
Aptiv PLC completed a pro rata distribution of all Versigent ordinary shares to its own shareholders. Under an Employee Matters Agreement and Aptiv’s long‑term incentive plan, Aptiv RSU Awards held by the CFO were converted into Issuer RSU Awards tied to Versigent ordinary shares.
What happened to Aptiv RSU Awards held by the Versigent CFO?
Each Aptiv RSU Award held before the distribution date was equitably adjusted and converted into an Issuer RSU Award over Versigent ordinary shares. The conversion followed a formula using Aptiv’s closing price and Versigent’s two‑day volume‑weighted average price after the distribution on the New York Stock Exchange.
Do the new Versigent RSU Awards keep the same vesting terms as Aptiv awards?
Yes. The Issuer RSU Awards are generally subject to substantially the same terms, vesting conditions, and other restrictions that applied to the related Aptiv RSU Award immediately before the distribution, now governed by the Versigent PLC 2026 Long‑Term Incentive Plan.