VIAVI CFO's 82,671 stock units vest at 150% target
Two vesting tranches converted one-for-one into common shares; other reported units are scheduled to vest subject to continued service.
Rhea-AI Filing Summary
VIAVI Solutions Inc. EVP, CFO Ilan Daskal reported vesting of 82,671 and 71,127 Market Stock Units on September 22, 2026; each unit converts into one common share. VIAVI retained 37,285 and 32,079 shares to meet award-related tax withholding at $36.40 per share, with the amount retained not exceeding the tax liability. Daskal also reported 56,820 and 98,914 Market Stock Units scheduled to vest November 28, 2026, subject to continued service. No Rule 10b5-1 plan is reported.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Stock Units F1, F3, F4 | 82,671 | $0.00 | $0.00 |
| Exercise | Market Stock Units F1, F5, F4 | 71,127 | $0.00 | $0.00 |
| Grant/Award | Market Stock Units F1, F6, F4 | 56,820 | $0.00 | $0.00 |
| Grant/Award | Market Stock Units F1, F6, F4 | 98,914 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 82,671 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 37,285 | $36.40 | $1.36M |
| Exercise | Common Stock F1 | 71,127 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 32,079 | $36.40 | $1.17M |
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 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.
- F4. There are no expiration dates on MSUs.
- F5. 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.
- F6. 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, 2026, subject to continued service.
Key Figures
Key Terms
Market Stock Units financial
market-leveraged stock units financial
total stockholder return financial
tranche financial
FAQ
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What performance terms applied to the VIAV stock-unit tranches?
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