Varex Imaging (VREX) director settles 8,483 deferred units into stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Varex Imaging Corp director Jocelyn D. Chertoff reported the conversion of 8,483 Deferred Stock Units into 8,483 shares of common stock on February 9, 2026, at an exercise price of $0 per unit.
The footnotes state these Deferred Stock Units were granted on February 9, 2023, vested on February 8, 2024, and were delivered in stock on the third anniversary of the grant date. Following this settlement, Chertoff directly holds 42,194 shares of Varex Imaging common stock and no remaining Deferred Stock Units from this grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
8,483 shares exercised/converted
Mixed
2 txns
Insider
Chertoff Jocelyn D
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Deferred Stock Units | 8,483 | $0.00 | -- |
| Exercise | Common Stock | 8,483 | $0.00 | -- |
Holdings After Transaction:
Deferred Stock Units — 0 shares (Direct);
Common Stock — 42,194 shares (Direct)
Footnotes (1)
- Each Deferred Stock Unit converts into common stock on a one-for-one basis. These Deferred Stock Units were issued on February 9, 2023, vested on February 8, 2024, and delivery of the vested Deferred Stock Units, in the form of common stock occurred on February 9, 2026, the third anniversary of the date of grant.
FAQ
What insider transaction did Varex Imaging (VREX) report for Jocelyn D. Chertoff?
Varex Imaging director Jocelyn D. Chertoff converted 8,483 Deferred Stock Units into 8,483 shares of common stock. The transaction occurred on February 9, 2026, at an exercise price of $0 per unit, reflecting settlement of a prior equity award.
What does the Deferred Stock Unit conversion mean in the VREX Form 4?
The conversion means 8,483 Deferred Stock Units were exchanged one-for-one for 8,483 Varex Imaging common shares. The units were granted in 2023, vested in 2024, and were delivered as stock on February 9, 2026, with no cash exercise price.
When were the Deferred Stock Units in the Varex Imaging (VREX) filing granted and vested?
The Deferred Stock Units were granted on February 9, 2023, and vested on February 8, 2024. Delivery of the vested units in the form of Varex Imaging common stock occurred on February 9, 2026, the third anniversary of the original grant date.
Is the Varex Imaging (VREX) Form 4 transaction a market purchase or sale?
No, the Form 4 shows an award settlement, not an open-market trade. Deferred Stock Units converted into common stock at a $0 exercise price, reflecting delivery of a previously granted director equity award rather than a cash purchase or sale.
What role does Jocelyn D. Chertoff hold at Varex Imaging (VREX)?
Jocelyn D. Chertoff is identified as a director of Varex Imaging Corp. The Form 4 reports her receipt of common shares through the conversion of previously granted Deferred Stock Units, a form of director equity compensation that settled in stock.