Varex Imaging (VREX) SVP Jesse Merkley reports shares, RSUs, PSUs and options
Rhea-AI Filing Summary
Varex Imaging Corp executive Jesse Don Merkley, SVP and GM, Industrial, filed an initial ownership report showing his equity stake in the company. He directly holds 15,334 shares of common stock as of the reported date.
He also holds several equity awards, including restricted stock units and performance stock units that each convert into common stock on a one-for-one basis as vesting and performance conditions are met. In addition, he holds a non-qualified stock option covering 9,727 shares of common stock at an exercise price of $24.55 per share, expiring in 2033, along with multiple RSU and PSU grants that vest over time and are tied to fiscal-year performance criteria.
Positive
- None.
Negative
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Insider Trade Summary
9 transactions reported
Mixed
9 txns
Insider
Merkley Jesse Don
Role
SVP and GM, Industrial
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Performance Stock Units | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 3,809 shares (Direct);
Performance Stock Units — 2,005 shares (Direct);
Non-Qualified Stock Option (right to buy) — 9,727 shares (Direct);
Common Stock — 15,334 shares (Direct)
Footnotes (1)
- These Restricted Stock Units granted on December 10, 2023 vested 50% on December 10, 2025, with the remaining 50% scheduled to vest on December 10, 2027. Vested shares will be delivered to the reporting person upon vest date. Each Restricted Stock Unit converts into common stock on a one-for-one basis. These Restricted Stock Units granted on December 10, 2024 vest 50% on December 10, 2026 and 50% on December 10, 2028. Vested shares will be delivered to the reporting person upon vest date. These Restricted Stock Units granted on December 10, 2025 vest 50% on December 10, 2027 and 50% on December 10, 2029. Vested shares will be delivered to the reporting person upon vest date. These Restricted Stock Units granted on May 15, 2023 vested 50% on May 15, 2025, with the remaining 50% scheduled to vest on May 15, 2027. Vested shares will be delivered to the reporting person upon vest date. These Restricted Stock Units granted on December 9, 2022 vested 50% on December 10, 2024, with the remaining 50% scheduled to vest on December 10, 2026. Vested shares will be delivered to the reporting person upon vest date. On December 10, 2023, the Reporting Person was granted PSU's, the vesting of which is subject to the achievement of certain performance criteria. The number of shares reported represents the number of PSU's that were earned as a result of the achievement of such performance criteria for fiscal year 2024 and 2025. Following the completion of Fiscal Year 2026, the Compensation Committee will certify and approve the total number of PSU's that were earned, and such PSU's will vest subject to the Reporting Person being employed through the vesting date. Each PSU represents a contingent right to receive one share of Issuer common stock, subject to the achievement of applicable performance criteria. On December 10, 2024, the Reporting Person was granted PSU's, the vesting of which is subject to the achievement of certain performance criteria. The number of shares reported represents the number of PSU's that were earned for fiscal year 2025 as a result of the achievement of such performance criteria during fiscal year 2025. Following the completion of Fiscal Year 2027, the Compensation Committee will certify and approve the total number of PSU's that were earned, and such PSU's will vest subject to the Reporting Person being employed through the vesting date. These Performance Stock Options, granted on May 15, 2023, are subject to a four-year vesting schedule. 25% of the total number of options vested on May 15, 2024, with the remaining options vesting monthly thereafter on the 15th day of each month on a pro rata basis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Varex Imaging (VREX) Form 3 filing for Jesse Don Merkley show?
The Form 3 shows SVP and GM, Industrial, Jesse Don Merkley’s existing ownership. He directly holds 15,334 Varex common shares plus multiple RSU, PSU and stock option awards that vest over time or upon performance achievement.
What stock options are reported for Jesse Don Merkley in the Varex (VREX) Form 3?
The filing reports a non-qualified stock option for 9,727 underlying Varex common shares at an exercise price of $24.55 per share. These options were granted in 2023 and follow a four-year vesting schedule through 2027, with an expiration in 2033.
What restricted stock units (RSUs) does Jesse Don Merkley hold at Varex Imaging (VREX)?
He holds several RSU grants that each convert into one Varex share upon vesting. Footnotes describe grants from December 2022, May 2023, December 2023, 2024 and 2025, vesting in 50% tranches on specified future dates, with delivery upon each vest date.
How are Jesse Don Merkley’s performance stock units (PSUs) at Varex (VREX) structured?
His PSUs each represent a contingent right to one Varex common share, subject to performance criteria. Awards granted in December 2023 and 2024 depend on multi-year fiscal performance, with final earned amounts certified by the Compensation Committee after fiscal 2026 and 2027, respectively.