MANZO ROBERT 4

What Happened

• Robert Manzo, a director of Visteon Corporation, had 1,829 restricted stock units (RSUs) automatically vest on June 5, 2026 and those RSUs were converted and paid to him in 1,829 shares of common stock. The Form 4 lists both the acquisition of the shares and the disposition of the derivative (the RSU), which is standard reporting for a conversion.
• The filing does not list a per-share or total dollar value on the Form 4; the footnote states the share value was based on Visteon’s fair market value on June 5, 2026. Fifteen of the 1,829 shares reflect dividend equivalents issued in additional shares.

Key Details

• Transaction date: June 5, 2026 (reported on Form 4 filed June 9, 2026). Transaction code: M (exercise/conversion of derivative).
• Shares involved: 1,829 shares acquired via RSU conversion; same number listed as disposition of the derivative instrument (standard for vested-to-stock conversions).
• Dividend equivalents: 15 of the shares represent dividend equivalents per plan terms.
• Price/value: Not specified on the form; footnote says value = fair market value as of June 5, 2026.
• Shares owned after transaction: Not provided in the summary data.
• Timeliness: Filing dated June 9 for a June 5 transaction — appears timely (filed within required business-day window).

Context

• This was an award vesting/conversion, not an open-market purchase or sale. It reflects compensation vesting (A-type economic event) rather than a direct buy or sell decision by the insider.
• Reporting shows both acquisition of stock and disposition of the derivative because the RSU (a derivative) ceased to exist when converted into shares; this is routine and not an indication of a market view.