V2X (NYSE: VVX) SVP settles RSUs, withholds 290 shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
V2X, Inc. SVP and General Counsel Jeremy John Nance reported equity award activity involving restricted stock units and common shares. On March 6, 1,187 restricted stock units converted into an equal number of V2X common shares at no cost, reflecting the vesting of a prior RSU grant.
To cover tax obligations related to this vesting, 290 V2X common shares were disposed of at $71.525 per share through a tax-withholding transaction, rather than an open-market sale. After these transactions, Nance directly held 14,222 V2X common shares, and 99 additional shares were reported as indirectly owned through his son.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,187 shares exercised/converted
Mixed
4 txns
Insider
Nance Jeremy John
Role
SVP and General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 1,187 | $0.00 | -- |
| Exercise | V2X, Inc. Common Stock | 1,187 | $0.00 | -- |
| Tax Withholding | V2X, Inc. Common Stock | 290 | $71.525 | $21K |
| holding | V2X, Inc. Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 1,187 shares (Direct);
V2X, Inc. Common Stock — 14,512 shares (Direct);
V2X, Inc. Common Stock — 99 shares (Indirect, By son)
Footnotes (1)
- These restricted stock units ("RSUs") convert to V2X, Inc. common stock on a one-for-one basis. These RSUs were previously awarded on March 8, 2024, as part of a grant that vests in three equal annual installments beginning on March 8, 2025.
FAQ
What insider transaction did V2X (VVX) report for Jeremy John Nance?
V2X reported that SVP and General Counsel Jeremy John Nance had 1,187 restricted stock units convert into common stock. In connection with this vesting, 290 common shares were disposed of to satisfy tax withholding obligations, and his direct holdings increased to 14,222 shares.
How many V2X (VVX) restricted stock units vested in this Form 4 filing?
The filing shows 1,187 restricted stock units converted into V2X common stock on a one-for-one basis. These RSUs were originally granted on March 8, 2024, as part of an award vesting in three equal annual installments beginning March 8, 2025.
How were the V2X (VVX) restricted stock units originally granted and structured?
The restricted stock units were granted on March 8, 2024, as part of an award vesting in three equal annual installments beginning March 8, 2025. Each vested unit converts into one share of V2X common stock, according to the Form 4 footnote disclosure.