Timothy E. Guertin - Feb 8, 2024 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role
Director
Signature
/s/ Kimberley E. Honeysett, attorney-in-fact for Timothy E. Guertin
Stock symbol
VREX
Transactions as of
Feb 8, 2024
Transactions value $
$0
Form type
4
Date filed
2/12/2024, 05:03 PM
Previous filing
Dec 21, 2023
Next filing
Mar 19, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VREX Common Stock Options Exercise +6.88K +142.17% 11.7K Feb 11, 2024 Direct F1

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 Deferred Stock Units Award $0 +9.64K $0.00 9.64K Feb 8, 2024 Common Stock 9.64K Direct F1, F2
transaction VREX Deferred Stock Units Options Exercise $0 -6.88K -100% $0.00* 0 Feb 11, 2024 Common Stock 6.88K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Deferred Stock Unit converts into common stock on a one-for-one basis.
F2 These Deferred Stock Units vest 100% on the earlier of (i) the one-year anniversary of the date of the grant and (ii) the next annual meeting of stockholders that occurs after the date of grant. Vested shares will be delivered to the reporting person upon the earlier of (i) the third anniversary of the date of grant (ii) a change in control or (iii) the reporting person's termination of service for any reason.
F3 These Deferred Stock Units vested on February 11, 2022. There was an inadvertent discrepancy in the originally filed Form 4 that showed that vested shares would be delivered to the reporting person on the earlier of (i) the 2024 Annual Meeting, (ii) a change in control, or (iii) the reporting person's termination of service for any reason. Pursuant to the terms of the applicable grant agreement, delivery of the vested Deferred Stock Units, in the form of common stock, was made on February 11, 2024, the third anniversary of the grant date.