Treadway Charles L. 4
Research Summary
AI-generated summary
Vistance (VISN) CEO Charles Treadway Receives Award of 18,171 Shares
What Happened
- Treadway Charles L., President & CEO and a director of Vistance Networks (VISN), was granted 18,171 performance share units (transaction code A) on 2026-02-24. The units were issued at $0.00 (18,171 @ $0.00 — $0 total) and are scheduled to vest on 2026-06-01, subject to the reporting person's continued employment. This award reflects additional performance-based shares determined earned by the Compensation Committee.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
- Grant: 18,171 performance share units; price reported $0.00; total reported value $0 at grant.
- Vesting: These additional performance share units will vest on 06/01/2026, contingent on continued employment.
- Holdings context (per footnotes): prior reported awards include large unvested pools of RSUs/PSUs — e.g., 440,000 RSUs (03/01/2024), 893,334 RSUs (06/01/2024), 787,500 RSUs (03/01/2025) and 697,272 PSUs earned 01/08/2026 (all with staggered vesting through 06/01/2028). Footnote F1 documents the original 03/01/2023 PSU grant and the schedule of additional PSUs earned (including 101,847 on 01/08/2026 and these 18,171 on 02/24/2026).
- Filing timeliness: Reported within two business days of the transaction (not a late filing).
Context
- This was an award of performance share units (not a market purchase or sale). PSUs convert to shares only if performance and vesting conditions are met; no cash changed hands at grant. Such awards indicate compensation tied to company performance and continued service, but do not by themselves signal an insider buying or selling stock.