Mark S. Jonaitis - Dec 10, 2021 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role
SVP and GM, X-Ray Sources
Signature
/s/ Mark S. Jonaitis
Stock symbol
VREX
Transactions as of
Dec 10, 2021
Transactions value $
$0
Form type
4
Date filed
12/14/2021, 05:46 PM
Next filing
Feb 17, 2022

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 VREX Non-Qualified Stock Option (right to buy) Award $0 +21.7K $0.00 21.7K Dec 10, 2021 Common Stock 21.7K $30.95 Direct F1
transaction VREX Restricted Stock Units Award $0 +9.33K $0.00 9.33K Dec 10, 2021 Common Stock 9.33K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Performance Stock Options are subject to a four-year vesting schedule. 25% of the total number of options vest one year from grant date, and the remaining options vest monthly thereafter on a pro rata basis.
F2 Each Restricted Stock Unit converts into common stock on a one-for-one basis.
F3 These Restricted Stock Units granted on December 10, 2021 vest 50% on December 10, 2023 and 50% on December 10, 2025. Vested shares will be delivered to the reporting person upon vest date.