Vallance Robert R 4
4 · VISTEON CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Visteon (VC) SVP Robert R. Vallance Receives Vested RSUs
What Happened
Robert R. Vallance, Senior Vice President of Visteon Corporation, had Restricted Stock Units (RSUs) automatically vest and convert into common stock on March 15, 2026. A total of 2,781 RSUs converted into shares (554 + 834 + 1,393). To satisfy income tax withholding, Visteon withheld 1,150 shares (228, 344, 573 and 5 shares) with reported withholding values of $20,313; $30,647; $51,049; and $450 respectively—totaling $102,459. Net shares delivered to Vallance: 1,631. Footnotes indicate 18 of the shares reflect dividend equivalents.
Key Details
- Transaction date(s): primary vesting/conversion on 2026-03-15; an additional tax-withholding entry on 2026-03-16 for 5 shares.
- Prices used for withholding: $89.09 per share (valuation as of Mar 13, 2026) for most withheld shares; $90.06 for the 5-share entry on Mar 16.
- Shares issued on vesting (gross): 2,781; shares withheld for taxes (disposed): 1,150; net issued to insider: 1,631. Total value withheld ≈ $102,459.
- Footnotes: F1–F4 explain automatic vesting/conversion to stock, 18 dividend-equivalent shares, and that shares were withheld solely to satisfy income tax withholding.
- Filing timeliness: Report filed 2026-03-17 for a 2026-03-15 event — within the normal Form 4 filing window (timely).
Context
This was not an open-market purchase or voluntary sale but routine vesting of equity compensation (RSUs) and withholding of shares to cover tax obligations (a common, non-dispositive corporate action). The Form 4 lists “M” (conversion of derivative/RSU) and “F” (tax withholding) codes — the derivative entries reflect conversion of RSUs into common stock, and the F entries reflect shares withheld to pay taxes. No 10% owner or 10b5-1 plan implications are indicated in the provided excerpt.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-15+554→ 19,392 total - Tax Payment
Common Stock
[F2]2026-03-15$89.09/sh−228$20,313→ 19,164 total - Exercise/Conversion
Common Stock
[F1]2026-03-15+834→ 19,998 total - Tax Payment
Common Stock
[F2]2026-03-15$89.09/sh−344$30,647→ 19,654 total - Exercise/Conversion
Common Stock
[F1]2026-03-15+1,393→ 21,047 total - Tax Payment
Common Stock
[F2]2026-03-15$89.09/sh−573$51,049→ 20,474 total - Tax Payment
Common Stock
[F3]2026-03-16$90.06/sh−5$450→ 20,469 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-15−554→ 0 totalExp: 2026-03-15→ Common Stock (554 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-15−834→ 830 totalExp: 2027-03-15→ Common Stock (834 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-15−1,393→ 2,768 totalExp: 2028-03-15→ Common Stock (1,393 underlying)
Footnotes (4)
- [F1]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 18 of the shares reflect dividend equivalents paid in additional shares pursuant to the terms of the Visteon Corporation 2020 Incentive Plan.
- [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 March 13, 2026, the next preceding trading day.
- [F3]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.
- [F4]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.