Sachin Lawande - Mar 15, 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 15, 2023
Transactions value $
-$1,458,593
Form type
4
Date filed
3/17/2023, 04:10 PM
Previous filing
Mar 3, 2023
Next filing
Jun 20, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VC Common Stock Options Exercise +6.45K +2.75% 241K Mar 15, 2023 Direct F1
transaction VC Common Stock Tax liability -$435K -2.81K -1.17% $154.84 238K Mar 15, 2023 Direct F2
transaction VC Common Stock Options Exercise +6.78K +2.85% 245K Mar 15, 2023 Direct F1
transaction VC Common Stock Tax liability -$459K -2.96K -1.21% $155.31 242K Mar 15, 2023 Direct F2
transaction VC Common Stock Options Exercise +8.33K +3.45% 250K Mar 15, 2023 Direct F1
transaction VC Common Stock Tax liability -$564K -3.63K -1.45% $155.31 246K Mar 15, 2023 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 -6.45K -100% 0 Mar 15, 2023 Common Stock 6.45K Direct F1, F3
transaction VC Restricted Stock Units Options Exercise -6.78K -50% 6.78K Mar 15, 2023 Common Stock 6.78K Direct F1, F3
transaction VC Restricted Stock Units Options Exercise -8.33K -33.33% 16.7K Mar 15, 2023 Common Stock 8.33K 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 March 15, 2023 and was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of March 15, 2023.
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 March 15, 2023.
F3 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.