Mark S. Jonaitis - Dec 9, 2022 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 9, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 05:16 PM
Previous filing
Feb 17, 2022
Next filing
Feb 17, 2023

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 +27K $0.00 27K Dec 9, 2022 Common Stock 27K $22.13 Direct F1
transaction VREX Restricted Stock Units Award $0 +13K $0.00 13K Dec 9, 2022 Common Stock 13K 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 on December 10, 2023, and the remaining options vest monthly thereafter on the 10th day of each month 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 9, 2022 vest 50% on December 10, 2024 and 50% on December 10, 2026. Vested shares will be delivered to the reporting person upon vest date.