VIAVI counsel's stock awards vest into 56,313 shares
The vested units converted one-for-one, while 25,398 shares were retained for the award-holder’s tax withholding obligations.
Rhea-AI Filing Summary
VIAVI SOLUTIONS INC. reported that its SVP Gen. Counsel & Secretary, Kevin Christopher Siebert, had 56,313 Market Stock Units vest on September 22, 2026; each unit converts into one common share. The company retained 25,398 shares to meet the award-holder’s tax withholding obligations at $36.40 per share, an amount not in excess of the tax liability. The three tranches were reported at 150.00% of target based on total stockholder return, and no Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
56,313 shares exercised/converted
Exercise
9 txns
Insider
Siebert Kevin Christopher
Role
SVP Gen. Counsel & Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Market Stock Units F1, F3, F4 | 15,909 | $0.00 | $0.00 |
| Exercise | Market Stock Units F1, F5, F4 | 23,148 | $0.00 | $0.00 |
| Exercise | Market Stock Units F1, F6, F4 | 17,256 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 15,909 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 7,175 | $36.40 | $261K |
| Exercise | Common Stock F1 | 23,148 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 10,440 | $36.40 | $380K |
| Exercise | Common Stock F1 | 17,256 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 7,783 | $36.40 | $283K |
Holdings After Transaction:
Market Stock Units — 38,444 contracts (Direct);
Common Stock — 71,654 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 vested: 56,313 units
Third-tranche units: 15,909 units
Second-tranche units: 23,148 units
+4 more
7 metrics
Market Stock Units vested
56,313 units
Vested September 22, 2026
Third-tranche units
15,909 units
Granted August 28, 2023; vested September 22, 2026
Second-tranche units
23,148 units
Granted August 28, 2024; vested September 22, 2026
First-tranche units
17,256 units
Granted August 28, 2025; vested September 22, 2026
Shares retained for tax withholding
25,398 shares
For tax withholding obligations connected with the vesting
Withholding price
$36.40 per share
Shares retained for tax withholding
Tranche performance level
150.00% of target
Based on total stockholder return during the stated performance periods
Key Terms
market-leveraged stock units, tax withholding obligations, total stockholder return
3 terms
market-leveraged stock units financial
"vesting of the 3rd tranche of market-leveraged stock units"
tax withholding obligations financial
"meet the tax withholding obligations of the award-holder"
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the VIAV stock-unit vesting tranches?
The September 22, 2026 vesting included 15,909 units from the third tranche granted August 28, 2023, 23,148 units from the second tranche granted August 28, 2024, and 17,256 units from the first tranche granted August 28, 2025. Each tranche was reported at 150.00% of target based on total stockholder return during the performance periods stated in the grant agreement.
Were the VIAV stock-unit transactions reported under a Rule 10b5-1 plan?
No Rule 10b5-1 plan is reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
