VIAVI insider filing: 70,545 shares vested; 31,816 withheld for taxes
Rhea-AI Filing Summary
VIAVI Solutions insider transactions: Ilan Daskal, EVP and CFO, reported transactions dated 09/23/2025. He had 70,545 market stock units convert on vesting into 70,545 shares of common stock at $0 per share and reported a disposition of 31,816 shares at $12.41 that were retained by the company to satisfy tax withholding obligations. The filing notes the 1st tranche of market-leveraged stock units granted on August 28, 2024 vested at 128% of target and that separate market stock units granted on November 28, 2023 have satisfied performance metrics and vest on November 28, 2025, subject to continued service.
Positive
- Transparency: The filing discloses conversion amounts, withholding amounts, vesting outcomes, and the performance multiplier (128% of target) for the 2024 grant.
- Performance achievement: The 1st tranche of market-leveraged stock units vested at 128% of target, indicating above-target performance for that grant period.
Negative
- Share dilution/compensation cost: Conversion of MSUs into 70,545 shares increases outstanding shares, representing compensation expense for shareholders.
- Tax withholding reduced insider holdings: 31,816 shares were retained by the company to satisfy tax obligations, which reduced the reporting person’s net share count.
Insights
TL;DR: CFO reported routine vesting conversions and company withholding for taxes; transaction sizes are equity-compensation related and not unusual.
The filing shows compensation-related equity events: conversion of vested market stock units into shares and a company retention of shares to meet tax-withholding obligations. The vesting occurred at an above-target payout (128% of target) for the 2024 grant, indicating realized performance above target for that tranche. The disposed 31,816 shares were retained by the company to cover tax liabilities, not an open-market sale by the insider. These are governance disclosures of routine executive compensation crystallization rather than open-market liquidity events by the insider.
TL;DR: Transactions reflect standard executive award vesting and tax withholding; disclosure aligns with Section 16 reporting requirements.
The report documents conversion of MSUs with no exercise price and the company withholding shares to satisfy tax obligations, with explanatory footnotes clarifying mechanics and timing. The filing also discloses performance achievement details for specific grant tranches and confirms no expiration on MSUs. From a governance perspective, details are transparent and consistent with routine equity-compensation practices.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Stock Units | 70,545 | $0.00 | -- |
| Grant/Award | Market Stock Units | 35,984 | $0.00 | -- |
| Grant/Award | Market Stock Units | 62,645 | $0.00 | -- |
| Exercise | Common Stock | 70,545 | $0.00 | -- |
| Tax Withholding | Common Stock | 31,816 | $12.41 | $395K |
Footnotes (1)
- Each stock unit converts upon vesting into one share of common stock. These shares were retained by the Company in order to meet the tax withholding obligations of the award-holder in connection with the vesting of an installment of the restricted stock award or performance stock award, as applicable. The amount retained by the Company was not in excess of the amount of the tax liability. Shares reflect the vesting of the 1st tranche of market-leveraged stock units granted on August 28, 2024 at 128.00% of target based on our total stockholder return during the performance periods as stated on the grant agreement. There are no expiration dates on MSUs. Represents the market stock units granted on November 28, 2023, which reflect the satisfaction of performance metrics. The market stock units vest on November 28, 2025, subject to continued service.
