Varex Imaging SVP files initial equity holdings
Varex Imaging Corp senior vice president of regulatory and quality assurance Victor Hugo Garcia filed a Form 3 detailing his existing equity stake in the company.
Rhea-AI Filing Summary
Varex Imaging Corp senior vice president of regulatory and quality assurance Victor Hugo Garcia filed a Form 3 detailing his existing equity stake in the company. The filing shows direct ownership of 23,360 shares of common stock, along with multiple blocks of restricted stock units, performance stock units, and non-qualified stock options. These derivative awards cover underlying common shares at exercise prices ranging from $22.13 to $31.42, with option expirations extending through December 8, 2032. The entries reflect current holdings rather than new open‑market purchases or sales.
Positive
- None.
Negative
- None.
Insider Trade Summary
12 transactions reported
Mixed
12 txns
Insider
Garcia Victor Hugo
Role
SVP, Regulatory and QA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| 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 | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Non-Qualified Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 35,905 contracts (Direct);
Performance Stock Units — 4,677 contracts (Direct);
Non-Qualified Stock Option (right to buy) — 72,239 contracts (Direct);
Common Stock — 23,360 shares (Direct)
Footnotes (13)
- F1. 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.
- F2. Each Restricted Stock Unit converts into common stock on a one-for-one basis.
- F3. 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.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. Each PSU represents a contingent right to receive one share of Issuer common stock, subject to the achievement of applicable performance criteria.
- F8. 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.
- F9. These Non-Qualified Stock Options, granted on February 15, 2019 are subject to a four-year vesting schedule. 25% of the total number of options vested on February 15, 2020, with the remaining options vesting monthly thereafter on the 15th day of each month on a pro rata basis. These options expired unexercised on February15, 2026
- F10. These Performance Stock Options, granted on February 18, 2020, are subject to a four-year vesting schedule. 25% of the total number of options vested on February 15, 2021, with the remaining options vesting monthly thereafter on the 15th day of each month on a pro rata basis.
- F11. These Performance Stock Options, granted on February 16, 2021, are subject to a four-year vesting schedule. 25% of the total number of options vested on February 15, 2022, with the remaining options vesting monthly thereafter on the 15th day of each month on a pro rata basis.
- F12. These Performance Stock Options, granted on December 10, 2021, are subject to a four-year vesting schedule. 25% of the total number of options vested on December 10, 2022, with the remaining options vesting monthly thereafter on the 10th day of each month on a pro rata basis.
- F13. These Performance Stock Options, granted on December 9, 2022, are subject to a four-year vesting schedule. 25% of the total number of options vested on December 10, 2023, with the remaining options vesting monthly thereafter on the 10th day of each month on a pro rata basis.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Victor Hugo Garcia’s Form 3 show for Varex Imaging (VREX)?
The Form 3 shows Victor Hugo Garcia’s existing equity stake in Varex Imaging, including 23,360 common shares and multiple grants of restricted stock units, performance stock units, and stock options covering additional common shares at specified exercise prices and expirations.
What stock option positions does Victor Hugo Garcia hold in Varex Imaging (VREX)?
Garcia holds several non‑qualified stock option grants over Varex Imaging common stock, with exercise prices including $31.42, $28.12, $25.06, $30.95, and $22.13 per share, and expiration dates running from February 2026 through December 8, 2032, subject to vesting terms.
How are Victor Hugo Garcia’s RSUs in Varex Imaging (VREX) structured?
His restricted stock units convert into Varex Imaging common stock on a one‑for‑one basis. They vest in 50% tranches on scheduled dates such as December 10, 2026, 2027, 2028, and 2029, with vested shares delivered on each vesting date if he remains employed.
What performance stock units does Victor Hugo Garcia have tied to VREX?
Garcia’s performance stock units represent rights to receive Varex Imaging common shares if performance criteria are met. Footnotes explain that PSU quantities earned are based on results for fiscal years 2024, 2025, and later 2026–2027, with vesting subject to continued employment through the vesting date.
What role does Victor Hugo Garcia hold at Varex Imaging (VREX)?
In this filing, Victor Hugo Garcia is identified as an officer of Varex Imaging serving as senior vice president, regulatory and quality assurance. The Form 3 records his direct ownership of common stock and equity awards associated with his executive compensation package.
AI-generated analysis. How Rhea-AI works. Not financial advice.
