Viavi exec reports RSU vesting, new stock awards
VIAVI SOLUTIONS INC.
Rhea-AI Filing Summary
VIAVI SOLUTIONS INC. (VIAV) reported insider equity compensation activity by EVP and Chief Marketing & Strategy Officer Paul McNab on 2026-08-28. Several tranches of restricted stock units vested and converted into equal numbers of common shares, with some of those shares withheld by the company to satisfy tax withholding obligations. McNab also received new grants of 11,039 restricted stock units and 11,039 market stock units, each convertible into common stock, with the RSUs vesting annually in three equal installments.
Positive
- None.
Negative
- None.
Insider Trade Summary
46,410 shares exercised/converted
Exercise
11 txns
Insider
McNab Paul
Role
EVP, Chief Mktg & Stgy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F3, F4 | 12,878 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F3, F4 | 18,739 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F3, F4 | 14,793 | $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 | 12,878 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 6,553 | $36.54 | $239K |
| Exercise | Common Stock F1 | 18,739 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 9,535 | $36.54 | $348K |
| Exercise | Common Stock F1 | 14,793 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 7,527 | $36.54 | $275K |
Holdings After Transaction:
Restricted Stock Unit — 48,323 contracts (Direct);
Restricted Stock Units — 11,039 contracts (Direct);
Market Stock Units — 11,039 contracts (Direct);
Common Stock — 36,671 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 vested and converted: 12,878 stock units
RSUs vested and converted: 18,739 stock units
RSUs vested and converted: 14,793 stock units
+5 more
8 metrics
RSUs vested and converted
12,878 stock units
Restricted Stock Units converting into common stock on 2026-08-28
RSUs vested and converted
18,739 stock units
Restricted Stock Units converting into common stock on 2026-08-28
RSUs vested and converted
14,793 stock units
Restricted Stock Units converting into common stock on 2026-08-28
Shares withheld for taxes
6,553 shares at $36.54 per share
Common stock retained by company to satisfy tax withholding obligations
Shares withheld for taxes
9,535 shares at $36.54 per share
Common stock retained by company to satisfy tax withholding obligations
Shares withheld for taxes
7,527 shares at $36.54 per share
Common stock retained by company to satisfy tax withholding obligations
New RSU award
11,039 restricted stock units
New grant to Paul McNab, vesting annually in three equal installments
New MSU award
11,039 market stock units
New grant to Paul McNab, terms and vesting per Exhibit 99 - FY27 MSU
Key Terms
Restricted Stock Unit, Market Stock Units, tax withholding obligations, vesting schedule, +1 more
5 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.
expiration dates on RSUs financial
"There are no expiration dates on RSUs."
FAQ
What insider transactions did VIAV executive Paul McNab report on 2026-08-28?
Paul McNab reported vestings and conversions of multiple restricted stock unit tranches into common stock, related share withholdings for taxes, and new grants of 11,039 restricted stock units and 11,039 market stock units, each ultimately convertible into common shares.
How many VIAV RSUs vested and were converted into common stock for Paul McNab?
Three RSU tranches vested and converted into common stock: 12,878, 18,739, and 14,793 stock units, each RSU converting into one share of common stock upon vesting as disclosed in the filing footnotes.
What new equity awards did Paul McNab receive from VIAV on 2026-08-28?
Paul McNab received 11,039 restricted stock units and 11,039 market stock units, each representing the right to receive one share of Viavi common stock, with the RSUs vesting annually in three equal installments.
Does the Form 4 for VIAV indicate use of a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as being pursuant to a 10b5-1 trading plan, and the footnotes do not state that the reported transactions occurred under such a plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
