Bunsei Kure - 23 Jun 2023 Form 4 Insider Report for VISTEON CORP (VC)

Role
Director
Signature
Heidi A. Sepanik, Secretary, Visteon Corporation on behalf of Bunsei Kure
Issuer symbol
VC
Transactions as of
23 Jun 2023
Net transactions value
-$50,897
Form type
4
Filing time
26 Jun 2023, 16:29:29 UTC
Previous filing
12 Jun 2023
Next filing
10 Jun 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VC Common Stock Options Exercise +1,189 +333% 1,546 23 Jun 2023 Direct F1
transaction VC Common Stock Tax liability $50,897 -357 -23% $142.57 1,189 23 Jun 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 -1,189 -100% 0 23 Jun 2023 Common Stock 1,189 Direct F1
* 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 June 23, 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 June 23, 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 June 23, 2023.