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[Form 4] Varex Imaging Corp Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Varex Imaging Corp reported an insider equity award update for senior executive Mark S. Jonaitis, who serves as SVP and GM, X-Ray Sources. On December 15, 2025, he acquired performance stock units (PSUs) that each represent a contingent right to receive one share of Varex Imaging common stock, subject to meeting performance goals.

The filing shows 2,565 PSUs tied to an award granted on December 10, 2023 and 3,134 PSUs tied to an award granted on December 10, 2024. In each case, the number reported reflects PSUs earned for fiscal year 2025 based on achievement of specified performance criteria. Final PSU amounts for the 2023 grant will be certified after fiscal 2026, and for the 2024 grant after fiscal 2027, with vesting conditioned on Mr. Jonaitis remaining employed through the vesting dates.

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Jonaitis Mark S.

(Last) (First) (Middle)
C/O VAREX IMAGING CORP
1678 S. PIONEER ROAD

(Street)
SALT LAKE CITY UT 84104

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Varex Imaging Corp [ VREX ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SVP and GM, X-Ray Sources
3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Performance Stock Units (1) 12/15/2025 A 2,565 (2) (2) Common Stock 2,565 $0 4,178 D
Performance Stock Units (1) 12/15/2025 A 3,134 (3) (3) Common Stock 3,134 $0 3,134 D
Explanation of Responses:
1. Each PSU represents a contingent right to receive one share of Varex Imaging common stock, subject to the achievement of applicable performance criteria.
2. 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 for fiscal year 2025 as a result of the achievement of such performance criteria during fiscal year 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.
3. 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.
Remarks:
/s/ Matthew A. Martinez, attorney-in-fact for Mark S. Jonaitis 12/17/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did Varex Imaging Corp (VREX) disclose?

Varex Imaging Corp disclosed that senior executive Mark S. Jonaitis acquired performance stock units (PSUs) that each represent a contingent right to receive one share of Varex Imaging common stock, based on the achievement of performance criteria.

How many performance stock units did the VREX executive earn for fiscal 2025?

The report shows 2,565 PSUs earned from a grant made on December 10, 2023 and 3,134 PSUs earned from a grant made on December 10, 2024, both based on performance achieved during fiscal year 2025.

What is the role of the reporting person in Varex Imaging Corp (VREX)?

The reporting person, Mark S. Jonaitis, is identified as an officer of Varex Imaging Corp with the title SVP and GM, X-Ray Sources.

When will the performance stock units for the VREX executive be certified and approved?

For the PSUs granted on December 10, 2023, the Compensation Committee will certify and approve the total number of PSUs earned after completion of fiscal year 2026. For the PSUs granted on December 10, 2024, certification will occur after completion of fiscal year 2027.

What conditions apply to vesting of the VREX performance stock units?

For both PSU grants, vesting is subject to the achievement of specified performance criteria and to the reporting person being employed through the vesting date, after the Compensation Committee certifies the total number of PSUs earned.

What does each performance stock unit represent for Varex Imaging Corp (VREX)?

Each PSU represents a contingent right to receive one share of Varex Imaging common stock, provided the applicable performance goals are achieved and other vesting conditions are satisfied.

Varex Imaging Corp

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514.03M
40.94M
1.66%
95.51%
2.25%
Medical Devices
Electronic Components, Nec
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United States
SALT LAKE CITY