Varex Imaging Corp (VREX) CEO discloses 2025 performance stock unit grants

Rhea-AI Filing Summary

Varex Imaging Corp's President and CEO, who is also a director, reported new performance-based stock unit awards tied to company results. On December 15, 2025, the insider acquired 15,394 performance stock units (PSUs) from a grant originally made on December 10, 2023, and 18,801 PSUs from a grant originally made on December 10, 2024. Each PSU represents the right to receive one share of Varex Imaging common stock if specific performance goals are met.

The PSUs earned for fiscal year 2025 reflect the achievement of performance criteria during that year. For the 2023 grant, the total PSUs earned will be certified after completion of fiscal year 2026, and for the 2024 grant after fiscal year 2027. In both cases, vesting also depends on the executive remaining employed through the applicable vesting date.

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

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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^*

SANYAL SUNNY

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

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		15,394		(2)	(2)	Common Stock	15,394	$0	25,075	D
Performance Stock Units	(1)	12/15/2025		A		18,801		(3)	(3)	Common Stock	18,801	$0	18,801	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/ Sunny S. Sanyal	12/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

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

The President and CEO of Varex Imaging Corp, who is also a director, reported acquiring performance stock units (PSUs) on December 15, 2025 under existing equity award grants.

How many performance stock units did the VREX CEO acquire in this filing?

The CEO reported acquiring 15,394 PSUs from a December 10, 2023 grant and 18,801 PSUs from a December 10, 2024 grant, each PSU representing one potential share of common stock.

What are performance stock units (PSUs) at Varex Imaging Corp?

Each performance stock unit represents a contingent right to receive one share of Varex Imaging common stock, subject to achieving specified performance criteria and other vesting conditions.

What performance period applies to these VREX PSU awards?

For both grants, the number of PSUs reported reflects amounts earned for fiscal year 2025 based on performance achieved during that fiscal year, as described in the filing.

When will the final number of earned PSUs be certified for the VREX CEO?

For the 2023 grant, the Compensation Committee will certify and approve the total PSUs earned after completion of fiscal year 2026, and for the 2024 grant after completion of fiscal year 2027.

What additional condition must be met for the VREX CEO's PSUs to vest?

In addition to meeting performance criteria, the filing states that the PSUs will vest only if the reporting person is employed through the vesting date.