Viavi exec vests 48,681 units, 24,770 shares withheld
Rhea-AI Filing Summary
VIAVI SOLUTIONS INC. (VIAV) reported insider equity activity by Luke M. Scrivanich, SVP General Manager OSP. On 2026-08-28, three tranches of restricted stock units vested, converting 48,681 stock units into an equal number of common shares. To cover associated tax liabilities, the company withheld a total of 24,770 common shares at $36.54 per share. The insider also received new equity awards of 11,039 restricted stock units and 11,039 market stock units, each settling into one share of common stock upon vesting and carrying no expiration date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 23,911 shares
Net Buy
11 txns
Insider
SCRIVANICH LUKE M
Role
SVP General Manager OSP
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F4, F5 | 13,636 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F4, F5 | 19,841 | $0.00 | $0.00 |
| Exercise | Restricted Stock Unit F1, F4, F5 | 15,204 | $0.00 | $0.00 |
| Grant/Award | Restricted Stock Units F4, F5 | 11,039 | $0.00 | $0.00 |
| Grant/Award | Market Stock Units F6, F7 | 11,039 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 13,636 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 6,938 | $36.54 | $254K |
| Exercise | Common Stock F1 | 19,841 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 10,096 | $36.54 | $369K |
| Exercise | Common Stock F1 | 15,204 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2, F3 | 7,736 | $36.54 | $283K |
Holdings After Transaction:
Restricted Stock Unit — 50,248 shares (Direct);
Restricted Stock Units — 11,039 shares (Direct);
Market Stock Units — 11,039 shares (Direct);
Common Stock — 63,509 shares (Direct)
Footnotes (7)
- 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. Total includes an exempt purchase of 311 shares under the ESPP plan on July 31, 2026.
- F4. Units subject to the Award shall vest annually in three equal installments.
- F5. There are no expiration dates on RSUs.
- F6. See Exhibit 99 - FY27 MSU for vesting schedule and terms.
- F7. There are no expiration dates on MSUs.
Key Figures
Derivative exercises: 48,681 stock units
Tax-withholding shares: 24,770 shares
Tax withholding price: $36.54 per share
+4 more
7 metrics
Derivative exercises
48,681 stock units
Total stock units exercised or converted (M code) on 2026-08-28
Tax-withholding shares
24,770 shares
Shares delivered or withheld for tax liabilities (code F) on 2026-08-28
Tax withholding price
$36.54 per share
Price used for tax-withholding dispositions of common stock
RSU grant
11,039 restricted stock units
New RSU award granted on 2026-08-28
MSU grant
11,039 market stock units
New MSU award granted on 2026-08-28
RSU vesting installments
3 equal installments
Units subject to the RSU award vest annually in three equal installments
ESPP purchase
311 shares
Exempt purchase under ESPP plan on July 31, 2026, included in total
Key Terms
Restricted Stock Unit, Market Stock Units, Payment of tax liability by delivering or withholding securities, ESPP plan
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."
Payment of tax liability by delivering or withholding securities financial
"Payment of tax liability by delivering or withholding securities"
ESPP plan financial
"Total includes an exempt purchase of 311 shares under the ESPP plan"
FAQ
What insider transactions did VIAV executive Luke Scrivanich report on 2026-08-28?
Luke M. Scrivanich reported vesting of 48,681 restricted stock units into common stock, tax withholding through the delivery of 24,770 shares at $36.54 per share, and new grants of 11,039 restricted stock units plus 11,039 market stock units, all tied to VIAVI common stock.
What new equity awards did VIAV grant to Luke Scrivanich?
Luke Scrivanich received new grants of 11,039 restricted stock units and 11,039 market stock units. Each unit converts into one share of VIAVI common stock upon vesting, with RSUs vesting annually in three equal installments and no expiration dates on RSUs or MSUs.
Were Luke Scrivanich’s VIAV trades under a Rule 10b5-1 plan?
No. The Form 4 indicates the Rule 10b5-1 checkbox was not marked as an affirmative trading plan, and there is no footnote stating that the transactions were executed pursuant to a Rule 10b5-1 or similar pre-arranged trading arrangement.
AI-generated analysis. How Rhea-AI works. Not financial advice.
