Viavi SVP gets 73K shares from award vesting
Three award tranches reflected 150.00% of target based on total stockholder return, while 37,154 shares were retained for tax withholding.
Rhea-AI Filing Summary
Luke M. Scrivanich, VIAVI Solutions Inc.'s SVP General Manager OSP, reported the vesting of three Market Stock Unit tranches on September 22, 2026, converting into 73,020 common shares.
The tranches were granted on August 28, 2023, August 28, 2024, and August 28, 2025, and each reflected 150.00% of target based on total stockholder return. VIAVI retained 37,154 shares to meet the award-holder's tax withholding obligations; the reported price was $36.40 per share. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
73,020 shares exercised/converted
Exercise
9 txns
Insider
SCRIVANICH LUKE M
Role
SVP General Manager OSP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Stock Units F1, F3, F4 | 20,455 | $0.00 | $0.00 |
| Exercise | Market Stock Units F1, F5, F4 | 29,761 | $0.00 | $0.00 |
| Exercise | Market Stock Units F1, F6, F4 | 22,804 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 20,455 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 10,408 | $36.40 | $379K |
| Exercise | Common Stock F1 | 29,761 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 15,143 | $36.40 | $551K |
| Exercise | Common Stock F1 | 22,804 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 11,603 | $36.40 | $422K |
Holdings After Transaction:
Market Stock Units — 50,249 contracts (Direct);
Common Stock — 75,464 shares (Direct)
Footnotes (6)
- F1. Each stock unit converts upon vesting into one share of common stock.
- F2. 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 market stock award. The amount retained by the Company was not in excess of the amount of the tax liability.
- F3. Shares reflect the vesting of the 3rd tranche of market-leveraged stock units granted on August 28, 2023 at 150.00% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
- F4. There are no expiration dates on MSUs.
- F5. Shares reflect the vesting of the 2nd tranche of market-leveraged stock units granted on August 28, 2024 at 150.00% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
- F6. Shares reflect the vesting of the 1st tranche of market-leveraged stock units granted on August 28, 2025 at 150.00% of target based on our total stockholder return during the performance periods as stated on the grant agreement.
Key Figures
Market Stock Units converted: 73,020 common shares
Shares retained for tax withholding: 37,154 shares
Reported withholding price: $36.40 per share
+4 more
7 metrics
Market Stock Units converted
73,020 common shares
Three tranches vested on September 22, 2026
Shares retained for tax withholding
37,154 shares
Retained by VIAVI in connection with vesting on September 22, 2026
Reported withholding price
$36.40 per share
Price reported for the tax-withholding share transactions
Third-tranche shares
20,455 shares
Third tranche of Market Stock Units granted August 28, 2023
Second-tranche shares
29,761 shares
Second tranche of Market Stock Units granted August 28, 2024
First-tranche shares
22,804 shares
First tranche of Market Stock Units granted August 28, 2025
Tranche performance level
150.00% of target
Based on total stockholder return during the performance periods
Key Terms
Market Stock Units, market-leveraged stock units, total stockholder return, tax withholding obligations
4 terms
Market Stock Units financial
"Each stock unit converts upon vesting into one share of common stock."
market-leveraged stock units financial
"vesting of the 3rd tranche of market-leveraged stock units"
total stockholder return financial
"based on our total stockholder return during the performance periods"
Total stockholder return is the percentage gain or loss an investor would have experienced over a period from both changes in a stock’s price and any cash payouts such as dividends, assuming those payouts are reinvested in the stock. It matters because it shows the complete financial outcome of owning a share — like measuring both a house’s change in sale value and the rent you collected — and lets investors fairly compare performance across companies and time.
tax withholding obligations financial
"in order to meet the tax withholding obligations of the award-holder"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the VIAV Market Stock Unit vesting terms?
The three tranches were granted on August 28, 2023, August 28, 2024, and August 28, 2025. Each reflected 150.00% of target based on total stockholder return during the performance periods.
Were Scrivanich's VIAV transactions reported under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported for these transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
