Sachin Lawande - Feb 15, 2024 Form 4 Insider Report for VISTEON CORP (VC)

Role
CEO and President, Director
Signature
Heidi A. Sepanik, Corporate Secretary, Visteon Corporation on behalf of Sachin S. Lawande
Stock symbol
VC
Transactions as of
Feb 15, 2024
Transactions value $
-$1,404,913
Form type
4
Date filed
2/20/2024, 04:05 PM
Previous filing
Dec 22, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VC Common Stock Options Exercise +26.1K +10.6% 272K Feb 15, 2024 Direct F1
transaction VC Common Stock Tax liability -$1.4M -11.4K -4.19% $123.13 261K Feb 15, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VC Performance Rights Options Exercise -26.1K -100% 0 Feb 15, 2024 Common Stock 26.1K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance right, which is the economic equivalent of one share of Visteon common stock, was converted and paid to me in common stock without any election or action on my part pursuant to the Performance Share Unit award made to me in 2021.
F2 The shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Performance Rights.
F3 Each performance right represents a contingent right to receive one share of Visteon common stock. The vesting of the performance right is based on relative shareholder return over a three year performance period ending on December 31, 2023, and payable in stock, subject to tax withholding.