Visteon (VC) legal chief logs RSU vesting and tax-withholding share dispositions
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Visteon Corp SVP & Chief Legal Officer Brett Pynnonen reported routine equity compensation activity. Several grants of Restricted Stock Units vested on March 15, 2026 and were automatically converted into shares of common stock, with no cash paid. To cover income tax withholding on these vestings and related dividend equivalents, the company withheld a total of 1,347 common shares through multiple F-code tax-withholding dispositions, including 6 shares on March 16, 2026. Following these transactions, Pynnonen directly owns 13,503 shares of Visteon common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,083 shares exercised/converted
Mixed
10 txns
Insider
PYNNONEN BRETT D
Role
SVP & Chief Legal Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 6 | $90.06 | $540.36 |
| Exercise | Restricted Stock Units | 581 | $0.00 | -- |
| Exercise | Restricted Stock Units | 875 | $0.00 | -- |
| Exercise | Restricted Stock Units | 1,627 | $0.00 | -- |
| Exercise | Common Stock | 581 | $0.00 | -- |
| Tax Withholding | Common Stock | 253 | $89.09 | $23K |
| Exercise | Common Stock | 875 | $0.00 | -- |
| Tax Withholding | Common Stock | 381 | $89.09 | $34K |
| Exercise | Common Stock | 1,627 | $0.00 | -- |
| Tax Withholding | Common Stock | 707 | $89.09 | $63K |
Holdings After Transaction:
Common Stock — 13,503 shares (Direct);
Restricted Stock Units — 0 shares (Direct)
Footnotes (1)
- Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 15, 2026 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 13, 2026, the next preceding trading day, and 22 of the shares reflect dividend equivalents paid in additional shares pursuant to the terms of the Visteon Corporation 2020 Incentive Plan. 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 13, 2026. the next preceding trading day. The shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the receipt of dividend equivalents pursuant to the terms of the Visteon Corporation 2020 Incentive Plan. The value of each share was based on the fair market value of Visteon common stock as of March 16, 2026. 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.
FAQ
What insider transactions did Visteon (VC) report for Brett Pynnonen?
Visteon reported that Brett Pynnonen had several Restricted Stock Unit awards vest and convert into common stock on March 15, 2026, plus related tax-withholding share dispositions. These are routine compensation and tax events rather than open-market stock purchases or sales.
What do the M-code transactions mean in this Visteon (VC) Form 4 filing?
The M-code transactions reflect exercises or conversions of Restricted Stock Units into common stock. In this filing, several RSU tranches converted automatically upon vesting on March 15, 2026, delivering common shares to the insider without any cash exercise price.