Varex Imaging (VREX) executive PSUs tied to 2025 performance detailed

Rhea-AI Filing Summary

Varex Imaging Corp reported an insider equity update for its SVP and GM, Detectors. On 12/15/2025, the executive had performance stock units (PSUs) credited based on fiscal year 2025 results from two previously granted PSU awards.

For a grant awarded on December 10, 2023, 2,565 PSUs were earned for fiscal 2025, and for a grant awarded on December 10, 2024, 3,134 PSUs were earned for the same fiscal year’s performance. Each PSU represents a contingent right to receive one share of Varex Imaging common stock. Final PSU totals for these grants will be certified after fiscal years 2026 and 2027 respectively, and vesting depends on the executive remaining employed through the vesting dates.

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^*

Hartmann Andrew

(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, Detectors

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/ Andrew Hartmann	12/16/2025
	** 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).
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FAQ

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

The filing reports that a senior executive had performance stock units (PSUs) credited based on fiscal year 2025 performance under two previously granted PSU awards.

How many performance stock units were earned for fiscal 2025 at Varex Imaging (VREX)?

The executive earned 2,565 PSUs from a grant dated December 10, 2023 and 3,134 PSUs from a grant dated December 10, 2024, each tied to fiscal 2025 performance.

What role does the reporting person hold at Varex Imaging Corp (VREX)?

The reporting person is identified as an Officer, serving as SVP and GM, Detectors at Varex Imaging Corp.

When was the earliest transaction date reported in this Varex Imaging (VREX) insider filing?

The earliest transaction date disclosed is 12/15/2025, which is when the PSU activity related to fiscal year 2025 performance was reported.

What conditions apply to the performance stock units reported by Varex Imaging (VREX)?

Each PSU represents a contingent right to receive one share of common stock, subject to achieving specified performance criteria and the executive’s continued employment through the vesting date.

When will final PSU amounts be certified for the Varex Imaging (VREX) executive awards?

For the December 10, 2023 grant, total PSUs will be certified after fiscal year 2026, and for the December 10, 2024 grant, after fiscal year 2027, subject to Compensation Committee approval.