Viavi COO exercises 12,328 RSUs, gets new awards
Rhea-AI Filing Summary
For VIAVI SOLUTIONS INC. (VIAV), executive Anthony Michael Petrucci, SVP and Chief Operations Officer, reported multiple equity award transactions on August 28, 2026. 12,328 Restricted Stock Units were exercised into an equal number of common shares; these units convert on a one-for-one basis into common stock upon vesting. Of the resulting common shares, 3,002 shares were retained by the company to satisfy Mr. Petrucci’s tax withholding obligations related to the vesting installment, with the amount not exceeding the tax liability.
On the same date, Mr. Petrucci received new equity awards consisting of 11,039 Restricted Stock Units and 11,039 Market Stock Units, each relating to an equal number of underlying shares of common stock. The RSU award is scheduled to vest annually in three equal installments, and both the RSUs and MSUs carry no expiration dates per the disclosed terms. Following the RSU exercise transaction, Mr. Petrucci held 24,654 Restricted Stock Units directly.
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Insider Trade Summary
Net Buyer: 9,326 shares
Net Buy
5 txns
Insider
Petrucci Anthony Michael
Role
SVP, Chief Operations Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F3, F4 | 12,328 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F3, F4 | 11,039 | $0.00 | $0.00 |
| Grant/Award | Market Stock Units F5, F6 | 11,039 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 12,328 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 3,002 | $36.54 | $110K |
Holdings After Transaction:
Restricted Stock Unit — 24,654 shares (Direct);
Restricted Stock Units — 11,039 shares (Direct);
Market Stock Units — 11,039 shares (Direct);
Common Stock — 21,671 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 restricted stock award. The amount retained by the Company was not in excess of the amount of the tax liability.
- F3. Units subject to the Award shall vest annually in three equal installments.
- F4. There are no expiration dates on RSUs.
- F5. See Exhibit 99 - FY27 MSU for vesting schedule and terms.
- F6. There are no expiration dates on MSUs.
Key Figures
RSUs exercised: 12,328 units
Common shares withheld for taxes: 3,002 shares
Tax withholding share value: $36.54 per share
+3 more
6 metrics
RSUs exercised
12,328 units
Restricted Stock Units converted into common stock on August 28, 2026
Common shares withheld for taxes
3,002 shares
Shares retained by the company to satisfy tax withholding obligations on vesting
Tax withholding share value
$36.54 per share
Per-share value used for the 3,002 shares retained for tax withholding
New RSUs granted
11,039 units
Restricted Stock Units awarded to Anthony Michael Petrucci on August 28, 2026
New MSUs granted
11,039 units
Market Stock Units awarded to Anthony Michael Petrucci on August 28, 2026
RSUs held after transaction
24,654 units
Restricted Stock Units directly owned following the RSU exercise
Key Terms
Restricted Stock Unit, Market Stock Units, tax withholding obligations, vesting schedule
4 terms
Restricted Stock Unit financial
"Each stock unit converts upon vesting into one share of common stock."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Market Stock Units financial
"See Exhibit 99 - FY27 MSU for vesting schedule and terms."
tax withholding obligations financial
"These shares were retained by the Company in order to meet the tax withholding obligations"
vesting schedule financial
"See Exhibit 99 - FY27 MSU for vesting schedule and terms."
A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.
FAQ
What equity award activity did VIAV executive Anthony Petrucci report on this Form 4 for VIAV?
Anthony Michael Petrucci reported exercising 12,328 RSUs into common stock, with 3,002 shares retained by the company for tax withholding, and receiving new grants of 11,039 RSUs and 11,039 Market Stock Units on August 28, 2026.
How many Restricted Stock Units did VIAV grant to Anthony Petrucci in this filing?
VIAVI granted Anthony Michael Petrucci 11,039 Restricted Stock Units, each corresponding to one share of common stock. After the reported exercise transaction, he held 24,654 RSUs directly, according to the filing’s derivative holdings data.
What are Market Stock Units (MSUs) in the VIAV Form 4 for Anthony Petrucci?
The filing shows a grant of 11,039 Market Stock Units to Anthony Michael Petrucci, each relating to 11,039 underlying shares of common stock. A footnote directs readers to Exhibit 99 – FY27 MSU for the detailed vesting schedule and terms, and notes there are no expiration dates on MSUs.
Do the RSUs reported for VIAV’s Anthony Petrucci have an expiration date?
No. A footnote indicates that there are no expiration dates on RSUs reported in this Form 4. It also states that units subject to the award vest annually in three equal installments, defining the vesting schedule rather than an expiration.
What is Anthony Petrucci’s RSU balance after the reported transactions at VIAV?
After the RSU exercise transaction reported on August 28, 2026, Anthony Michael Petrucci held 24,654 Restricted Stock Units directly. This figure comes from the total-shares-following-transaction field for the derivative RSU entry.
AI-generated analysis. How Rhea-AI works. Not financial advice.
