Ostermann Douglas R 4
4 · Versigent PLC · Filed Apr 6, 2026
Research Summary
AI-generated summary of this filing
Versigent (VGNT) CFO Douglas Ostermann Receives 126,104-Share Award
What Happened
- Douglas R. Ostermann, Chief Financial Officer of Versigent PLC (VGNT), was credited with 126,104 shares on April 2, 2026. The filing reports these as an award/acquisition (A) and lists no per‑share price or aggregate dollar value (N/A).
- This was not an open‑market buy or sale but the conversion/issuance of restricted stock unit awards tied to a corporate distribution and plan conversion, so it is neither a typical bullish purchase nor a sale.
Key Details
- Transaction date: April 2, 2026; Form 4 filed April 6, 2026 (timely — within the two business‑day reporting window).
- Price reported: N/A (conversion/award rather than a cash transaction); aggregate value not reported in the filing excerpt.
- Shares received: 126,104 Issuer Ordinary Shares reported as Issuer RSU Awards. Shares owned after the transaction are not specified in the provided excerpt.
- Notable footnotes:
- F1: On April 1, 2026 Aptiv completed a distribution of Versigent shares to Aptiv shareholders.
- F2–F3: Existing Aptiv RSU awards were equitably converted into Versigent RSU awards under an Employee Matters Agreement and the Versigent 2026 LTIP, using a conversion fraction based on post‑distribution prices/volume‑weighted prices.
- F4: The amount includes ordinary shares received in the Aptiv distribution.
Context
- These are converted/converted RSU awards tied to a corporate distribution (Aptiv’s distribution of Versigent shares) and retain substantially the same vesting conditions and restrictions that applied to the original Aptiv RSUs, per the LTIP and Employee Matters Agreement.
- Because this is an award/conversion (not a purchase or sale), it does not by itself signal insider buying or selling sentiment; it documents the mechanics of the spinoff/distribution and award conversion.
Insider Transaction Report
Form 4
Versigent PLCVGNT
Ostermann Douglas R
Chief Financial Officer
Transactions
- Award
Ordinary shares, par value $0.01 per share
[F1][F2][F3][F4]2026-04-02+126,104→ 126,104 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 Douglas R. Ostermann|2026-04-06