Sachin Lawande - Mar 1, 2023 Form 4 Insider Report for VISTEON CORP (VC)

Role
CEO & President, Director
Signature
Heidi A. Sepanik, Secretary, Visteon Corporation on behalf of Sachin S. Lawande
Stock symbol
VC
Transactions as of
Mar 1, 2023
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 07:04 AM
Previous filing
Feb 23, 2023
Next filing
Mar 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding VC Common Stock 234K Mar 1, 2023 Direct

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 $0 +28.3K $0.00 28.3K Mar 1, 2023 Common Stock 28.3K Direct F1
transaction VC Restricted Stock Units Award $0 +18.9K $0.00 18.9K Mar 1, 2023 Common Stock 18.9K 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 represents a contingent right to receive one share of Visteon common stock. The vesting of the performance rights is based on relative total shareholder return over a three year performance period and payable in stock, subject to tax withholding.
F2 Restricted Stock Units vest to the extent of 33% of the units granted on the following March 15th of each year after 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.