VIAVI sales executive acquires 80,451 vested shares
VIAVI's SVP Global Sales NSE received one common share per vested market stock unit; some shares were retained for award-related tax withholding.
Rhea-AI Filing Summary
VIAVI SOLUTIONS INC. reported that Gary W. Staley, SVP Global Sales NSE, acquired 80,451 common shares when three market stock unit tranches vested on September 22, 2026. Each unit converts into one common share, and the tranches vested at 150.00% of target based on total stockholder return. The company retained 31,659 shares for tax withholding, not in excess of the tax liability; the reported price was $36.40 per share.
Positive
- None.
Negative
- None.
Insider Trade Summary
80,451 shares exercised/converted
Exercise
9 txns
Insider
Staley Gary W
Role
SVP Global Sales NSE
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Stock Units F1, F3, F4 | 22,728 | $0.00 | $0.00 |
| Exercise | Market Stock Units F1, F5, F4 | 33,069 | $0.00 | $0.00 |
| Exercise | Market Stock Units F1, F6, F4 | 24,654 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 22,728 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 8,944 | $36.40 | $326K |
| Exercise | Common Stock F1 | 33,069 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 13,013 | $36.40 | $474K |
| Exercise | Common Stock F1 | 24,654 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 9,702 | $36.40 | $353K |
Holdings After Transaction:
Market Stock Units — 54,919 contracts (Direct);
Common Stock — 217,785 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
Common shares acquired — 2023 grant tranche: 22,728 shares
Common shares acquired — 2024 grant tranche: 33,069 shares
Common shares acquired — 2025 grant tranche: 24,654 shares
+4 more
7 metrics
Common shares acquired — 2023 grant tranche
22,728 shares
Third tranche; vested September 22, 2026 at 150.00% of target.
Common shares acquired — 2024 grant tranche
33,069 shares
Second tranche; vested September 22, 2026 at 150.00% of target.
Common shares acquired — 2025 grant tranche
24,654 shares
First tranche; vested September 22, 2026 at 150.00% of target.
Shares retained for tax withholding — 2023 grant tranche
8,944 shares
Withholding entry on September 22, 2026.
Shares retained for tax withholding — 2024 grant tranche
13,013 shares
Withholding entry on September 22, 2026.
Shares retained for tax withholding — 2025 grant tranche
9,702 shares
Withholding entry on September 22, 2026.
Reported price per share for withholding entries
$36.40 per share
Withholding transactions on September 22, 2026.
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
"market-leveraged stock units granted on August 28, 2023"
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
"tax withholding obligations of the award-holder"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the grant dates for the VIAV stock-unit tranches?
The tranches were granted on August 28, 2023, August 28, 2024, and August 28, 2025, and are identified as the third, second, and first tranches, respectively.
Were Gary W. Staley's VIAV transactions made 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.