Versigent (VGNT) CEO Liotine receives 109,714 RSU-based shares after Aptiv spin-off
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Versigent PLC director and Chief Executive Officer Joseph T. Liotine reported an acquisition of 109,714 ordinary shares on April 2, 2026. These shares represent restricted stock unit awards that were converted from prior Aptiv PLC awards in connection with Aptiv’s pro rata distribution of Versigent shares.
After this equity grant and related distribution, Liotine directly holds 118,455 Versigent ordinary shares. The Issuer RSU awards are governed by the Versigent PLC 2026 Long-Term Incentive Plan and generally keep the same vesting conditions and other restrictions that applied to the original Aptiv restricted stock unit awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Liotine Joseph T.
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Ordinary shares, par value $0.01 per share | 109,714 | $0.00 | -- |
Holdings After Transaction:
Ordinary shares, par value $0.01 per share — 118,455 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
RSU-based shares acquired: 109,714 shares
Shares held after transaction: 118,455 shares
Par value per share: $0.01 per share
+1 more
4 metrics
RSU-based shares acquired
109,714 shares
Issuer RSU Awards acquired on April 2, 2026
Shares held after transaction
118,455 shares
Direct Versigent ordinary share holdings post-transaction
Par value per share
$0.01 per share
Ordinary shares, par value stated for Versigent
Transaction price per share
$0.0000
Reported acquisition price for RSU-related shares
Key Terms
restricted stock unit award, Employee Matters Agreement, Long-Term Incentive Plan, Distribution Date, +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"
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.
Distribution Date financial
"On April 1, 2026 (the "Distribution Date"), Aptiv PLC ("Aptiv") 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.
two-day volume-weighted average price financial
"the denominator of which is the two-day volume-weighted average price of an Issuer Ordinary Share"
FAQ
What insider transaction did Versigent (VGNT) report for Joseph T. Liotine?
Versigent reported that CEO and director Joseph T. Liotine acquired 109,714 ordinary shares as restricted stock unit awards. These Issuer RSU Awards resulted from converting prior Aptiv PLC restricted stock units following Aptiv’s pro rata distribution of Versigent ordinary shares to its shareholders.
How were Aptiv PLC RSU awards converted into Versigent (VGNT) RSU awards?
Each Aptiv RSU Award was equitably adjusted into an Issuer RSU Award based on the number of underlying Aptiv shares and a price-based fraction. That fraction used Aptiv’s closing price after the distribution and a two-day volume-weighted average price of Versigent shares on the NYSE.
What role did Aptiv’s distribution play in Joseph T. Liotine’s Versigent (VGNT) holdings?
On the Distribution Date, Aptiv completed a pro rata distribution of all Versigent ordinary shares to Aptiv shareholders. Liotine received Versigent ordinary shares in that distribution, and his prior Aptiv RSU awards were converted into Versigent RSU awards, boosting his reported Versigent share position.
Under which plan are Joseph T. Liotine’s Versigent (VGNT) RSU awards governed?
Liotine’s Issuer RSU Awards are governed by the Versigent PLC 2026 Long-Term Incentive Plan. According to the filing, these RSU awards generally retain substantially the same terms, vesting conditions, and other restrictions that had applied to the corresponding Aptiv PLC restricted stock unit awards.