Vistra CEO reports 10b5-1 trades: option exercises and sales
Rhea-AI Filing Summary
Vistra Corp. (VST) President & CEO (also a Director) reported Form 4 transactions under a Rule 10b5-1 trading plan adopted on June 12, 2025. On 10/17/2025 and 10/20/2025, he exercised 24,000 stock options each day at an exercise price of $19.68 and sold 21,367 shares at a weighted-average price of $207.66 and 21,371 shares at $204.57, respectively. The sales include shares for cashless exercise and to cover taxes.
Following the reported transactions, the executive directly held 287,859 shares. Indirect holdings include 701,514 shares by JAMEB, LP (jointly owned with spouse), 34,000 shares by the James A. Burke 2012 Irrevocable Trust, and 259 shares by the Marti E. Burke 2012 Irrevocable Trust.
Positive
- None.
Negative
- None.
Insights
Routine Form 4: option exercises and planned sales under 10b5-1.
The CEO exercised options at an exercise price of $19.68 on 10/17/2025 and 10/20/2025, then sold shares at weighted-average prices of $207.66 and $204.57. The filing states these were effected pursuant to a Rule 10b5-1 trading plan adopted on June 12, 2025.
Part of the sold shares covered cashless exercise and taxes, per the notes. After the transactions, direct holdings were 287,859 shares, with additional indirect holdings via JAMEB, LP and two irrevocable trusts. This is administrative and does not, by itself, signal operational changes.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | 2018 Employee Stock Option (right to buy) | 24,000 | $0.00 | -- |
| Exercise | Common Stock | 24,000 | $19.68 | $472K |
| Sale | Common Stock | 21,371 | $204.57 | $4.37M |
| Exercise | 2018 Employee Stock Option (right to buy) | 24,000 | $0.00 | -- |
| Exercise | Common Stock | 24,000 | $19.68 | $472K |
| Sale | Common Stock | 21,367 | $207.66 | $4.44M |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- This transaction was effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2025. Includes an aggregate of approximately (i) 2,283 shares sold for the cashless exercise of the stock options; and (ii) 8,550 shares sold to pay taxes in connection with the exercise of the stock options. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $207.57 to $207.67, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Includes an aggregate of approximately (i) 2,316 shares sold for the cashless exercise of the stock options; and (ii) 8,537 shares sold to pay taxes in connection with the exercise of the stock options. Represents a weighted-average price. These shares were sold in multiple transactions at prices ranging from $204.53 to $204.57, inclusive. For all transactions reported in this Form 4 utilizing a weighted-average price, the reporting person will provide to the issuer, any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range. Options vested 50% 4 years from the grant date with the remaining 50% vesting 5 years from the grant date.
