Kristin E. Trecker - 07 May 2021 Form 4 Insider Report for VISTEON CORP (VC)

Signature
Heidi A. Sepanik, Secretary, Visteon Corporation, on behalf of Kristin E. Trecker
Issuer symbol
VC
Transactions as of
07 May 2021
Net transactions value
-$4,155
Form type
4
Filing time
11 May 2021, 16:57:05 UTC
Next filing
17 Feb 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VC Common Stock Options Exercise +113 +8% 1,518 07 May 2021 Direct F1
transaction VC Common Stock Tax liability $4,155 -33 -2.2% $125.92 1,485 07 May 2021 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 Restricted Stock Units Options Exercise -113 -100% 0 07 May 2021 Common Stock 113 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on May 7, 2021 and was converted and paid to me in common stock without any election or action on my part. The value of each unit was based on the fair market value of Visteon common stock as of May 7, 2021.
F2 These shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units. The value of each share was based on the fair market value of Visteon common stock as of May 7, 2021.
F3 Restricted Stock Units vest to the extent of 33% of the units granted each year following the first anniversary of the date of grant until the third anniversary of the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in stock upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.