Varex Imaging Corp (VREX) CFO credited with 2025 performance stock units

Rhea-AI Filing Summary

Varex Imaging Corp reported an equity award update for its Chief Financial Officer, Shubham Maheshwari, on a Form 4. On 12/15/2025, he was credited with 4,515 performance stock units (PSUs) tied to an award originally granted on December 10, 2023, and 5,520 PSUs tied to an award granted on December 10, 2024, both at an exercise price of $0.

Each PSU represents a contingent right to receive one share of Varex Imaging common stock, based on achieving specified performance criteria. The amounts reported reflect PSUs earned for fiscal year 2025 performance. After the completion of fiscal year 2026 and fiscal year 2027, the Compensation Committee will certify the final number of PSUs earned for the respective grants, and vesting will require that the CFO remains 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^*

Maheshwari Shubham

(Last) (First) (Middle)

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)
	Chief Financial Officer

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		4,515		(2)	(2)	Common Stock	4,515	$0	7,354	D
Performance Stock Units	(1)	12/15/2025		A		5,520		(3)	(3)	Common Stock	5,520	$0	5,520	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/ Shubham Maheshwari	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).
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FAQ

What insider transaction did Varex Imaging Corp (VREX) report in this Form 4?

The company reported that its Chief Financial Officer, Shubham Maheshwari, was credited with performance stock units on 12/15/2025 under previously granted equity awards, reflecting shares earned based on fiscal year 2025 performance.

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

The filing shows 4,515 PSUs from a grant dated December 10, 2023 and 5,520 PSUs from a grant dated December 10, 2024, each representing a contingent right to receive one share of Varex Imaging common stock.

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

Each PSU is subject to the achievement of performance criteria. After fiscal year 2026 and fiscal year 2027 are completed, the Compensation Committee will certify the total PSUs earned, and vesting will depend on the CFO remaining employed through the vesting dates.

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

The reporting person, Shubham Maheshwari, is identified as an Officer of Varex Imaging Corp, serving as its Chief Financial Officer.

Are the performance stock units granted to the VREX CFO paid in cash or stock?

According to the disclosure, each performance stock unit represents a contingent right to receive one share of Varex Imaging common stock, subject to meeting the specified performance conditions and vesting requirements.

What is the exercise price of the performance stock units reported for Varex Imaging (VREX)?

The performance stock units reported in the filing have an exercise price of $0, meaning no additional purchase price is required when the units convert into shares, assuming all conditions are met.