Liotine Joseph T. 4
4 · Versigent PLC · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
Versigent (VGNT) CEO Joseph Liotine Receives 109,714-Share Award
What Happened
- Joseph T. Liotine, CEO of Versigent PLC (VGNT), was granted/received 109,714 Issuer restricted stock unit awards (RSUs) on/recorded 2026-04-02. No per-share price or cash value is reported on the Form 4 because these are award/conversion RSUs rather than an open-market trade.
Key Details
- Transaction date: 2026-04-02; Form 4 filed 2026-04-06 (appears timely).
- Transaction type: A = Award/Grant (conversion of prior Aptiv RSU award).
- Shares recorded: 109,714 Issuer RSU Awards. No dollar amount or per-share price listed (N/A).
- Shares owned after transaction: Not specified in the supplied filing.
- Important footnotes:
- F1: On April 1, 2026 Aptiv completed a distribution of Versigent ordinary shares to Aptiv shareholders.
- F2: Under an Employee Matters Agreement and Versigent’s 2026 LTIP, prior Aptiv RSU awards were equitably converted into Versigent RSU awards using a formula based on Aptiv’s post-distribution close and Versigent’s two-day VWAP after listing.
- F3–F4: The listed 109,714 represents the Issuer RSU Awards received on conversion and includes ordinary shares received in the distribution; the Issuer RSUs are subject to the Versigent 2026 LTIP and generally keep substantially the same vesting/restrictions as the original Aptiv RSUs.
Context
- This was a conversion of previously held Aptiv RSUs into Versigent RSUs tied to the corporate distribution/spin-off, not a market purchase or sale. Such converted RSUs typically retain prior vesting conditions and don’t represent a cash transaction or immediate market sentiment.
Insider Transaction Report
Form 4
Versigent PLCVGNT
Liotine Joseph T.
DirectorCEO and Director
Transactions
- Award
Ordinary shares, par value $0.01 per share
[F1][F2][F3][F4]2026-04-02+109,714→ 118,455 total
Footnotes (4)
- [F1]On April 1, 2026 (the "Distribution Date"), Aptiv PLC ("Aptiv") completed a distribution of all of the ordinary shares, par value $0.01 per share, of the Issuer ("Issuer Ordinary Shares") to holders of ordinary shares of Aptiv ("Aptiv Ordinary Shares") on a pro rata basis (the "Distribution").
- [F2]Under the Employee Matters Agreement, dated March 30, 2026, between Aptiv and Issuer, and the Aptiv Long-Term Incentive Plan (the "LTIP"), each restricted stock unit award with respect to Aptiv Ordinary Shares granted by Aptiv under the LTIP prior to the Distribution Date (each, an "Aptiv RSU Award") was equitably adjusted and converted into a restricted stock unit award with respect to Issuer Ordinary Shares (each, an "Issuer RSU Award"), based on (I) the number of Aptiv Ordinary Shares underlying the Aptiv RSU Award immediately prior to the Distribution and (II) a fraction, the numerator of which is (A) the closing price of an Aptiv Ordinary Share on the New York Stock Exchange ("NYSE") on the trading day immediately after the Distribution Date, and (B) the denominator of which is the two-day volume-weighted average price of an Issuer Ordinary Share on the NYSE during the first and second trading days immediately after the Distribution (the "Award Conversion").
- [F3]Represents Issuer RSU Awards upon the conversion of certain Aptiv RSU Awards held by the Reporting Person as of immediately prior to the Distribution pursuant to the Award Conversion. The Issuer RSU Awards are subject to the terms of the Versigent PLC 2026 Long-Term Incentive Plan and are generally subject to substantially the same terms, vesting conditions and other restrictions as applicable to the related Aptiv RSU Award as of immediately prior to the Distribution.
- [F4]This amount includes Issuer Ordinary Shares received by the Reporting Person in connection with the Distribution.
Signature
/s/ Janis Acosta, attorney-in-fact for Joseph T. Liotine|2026-04-06