Joao Paulo Ribeiro - Feb 15, 2023 Form 4 Insider Report for VISTEON CORP (VC)

Role
Senior Vice President
Signature
Heidi A. Sepanik, Secretary, Visteon Corporation, on behalf of Joao Paulo Ribeiro
Stock symbol
VC
Transactions as of
Feb 15, 2023
Transactions value $
$0
Form type
4
Date filed
2/17/2023, 07:07 AM
Previous filing
Mar 17, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VC Common Stock Options Exercise +2.11K +67.74% 5.22K Feb 15, 2023 Direct F1

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 Award -1.05K -33.33% 2.11K Feb 15, 2023 Common Stock 1.05K Direct F2, F3
transaction VC Performance Rights Options Exercise -2.11K -100% 0 Feb 15, 2023 Common Stock 2.11K Direct F2
* 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 2020.
F2 Each Performance Right represents a contingent right to receive one share of Visteon common stock. The Performance Rights vested based on relative total shareholder return over a three year performance period ending on December 31, 2022 and were paid in stock at the election of the Company.
F3 Additional Performance Rights were received because the performance criteria during the three year performance period was exceeded.