V2X (VVX) legal chief nets stock from PSU vesting, pays taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
V2X, Inc. senior vice president and general counsel Jeremy John Nance reported equity award activity tied to performance stock units. On February 25, 2026, 1,094 performance stock units granted on March 10, 2023 vested upon achieving stock price conditions and converted one-for-one into V2X common shares at a stated price of $0.00 per share. To cover tax obligations, 325 common shares were then disposed of at $68.565 per share through a tax-withholding transaction, rather than an open-market sale. Following these transactions, Nance directly holds 13,325 V2X common shares, and an additional 99 shares are held indirectly by his son.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,094 shares exercised/converted
Mixed
4 txns
Insider
Nance Jeremy John
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Stock Units | 1,094 | $0.00 | -- |
| Exercise | V2X, Inc. Common Stock | 1,094 | $0.00 | -- |
| Tax Withholding | V2X, Inc. Common Stock | 325 | $68.565 | $22K |
| holding | V2X, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Performance Stock Units — 0 shares (Direct);
V2X, Inc. Common Stock — 13,650 shares (Direct);
V2X, Inc. Common Stock — 99 shares (Indirect, By son)
Footnotes (1)
- Represents shares received upon the vesting of performance stock units ("PSUs") that were granted on March 10, 2023 that vested on February 25, 2026 upon the achievement of certain stock price conditions during the performance period. These PSUs were originally convertible to V2X, Inc. common stock on a one-for-one basis. Represents the vesting of PSUs that were previously awarded on March 10, 2023 that vested on February 25, 2026.
FAQ
What did V2X (VVX) executive Jeremy Nance report in this Form 4?
Jeremy Nance reported vesting and conversion of 1,094 performance stock units into V2X common stock, followed by a 325-share tax-withholding disposition. These transactions reflect equity award settlement and related tax coverage, not an open-market stock purchase or sale.
How were the V2X (VVX) performance stock units structured in this grant?
The performance stock units granted on March 10, 2023 were originally convertible into V2X common stock on a one-for-one basis. They vested on February 25, 2026 when specified stock price conditions were achieved during the performance period, triggering issuance of 1,094 common shares.