Watts Claudius E. IV 4
4 · Vistance Networks, Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Vistance (VISN) Director Claudius Watts Receives 2,365-Share Award
What Happened
Claudius E. Watts IV, a director of Vistance Networks (VISN), was granted 2,365 performance share units (PSUs) on 02/24/2026. The award has a $0 acquisition price (transaction code A) and will vest on 06/01/2026, subject to the reporting person’s continued employment. According to the filing, these additional PSUs were awarded by the Compensation Committee based on actual performance for the applicable performance period.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
- Transaction type and cost: Award of performance share units (code A), 2,365 units, $0 cost.
- Vesting: These 2,365 PSUs vest on 06/01/2026, contingent on continued employment.
- Holdings disclosed in the filing (previously reported unvested awards include):
- 18,334 RSUs (granted 03/01/2023; vest 06/01/2026)
- 20,667 RSUs (granted 06/01/2023; vest 06/01/2026)
- 57,200 RSUs (granted 03/01/2024; vest ratably 06/01/2026 & 06/01/2027)
- 116,134 RSUs (granted 06/01/2024; vest ratably 06/01/2026 & 06/01/2027)
- 102,400 RSUs (granted 03/01/2025; vest ratably 06/01/2026, 06/01/2027 & 06/01/2028)
- 209,921 performance share units (earned 01/08/2026; vest 06/01/2026)
- Plus the 2,365 additional PSUs reported on 02/24/2026 (vest 06/01/2026).
- Footnotes: The filing explains the 2,365 units were an additional performance-based award tied to the performance period ending 12/31/2025 and granted by the Compensation Committee.
- No indication of a 10b5-1 plan, cashless exercise, tax withholding sale, or gift in this transaction.
Context
Performance share units (PSUs) are conditional awards that convert to shares if specified performance and service conditions are met; they are not an open-market purchase or sale. This transaction reflects compensation tied to company performance and future vesting, not an immediate cash investment or disposition by the director.
Insider Transaction Report
- Award
Common Stock
[F1][F2]2026-02-24+2,365→ 1,463,475 total
- 10,000(indirect: By Foundation)
Common Stock
Footnotes (2)
- [F1]On 03/01/2023, the reporting person was granted 55,000 performance share units, which number could be increased or decreased based upon the Company's satisfaction of certain performance criteria during the applicable performance period. On 01/08/2026, the Compensation Committee determined that 68,255 performance share units were earned based upon actual performance, which performance period ended on 12/31/2025. On 02/24/2026, the Compensation Committee determined that 2,365 additional performance share units were earned based upon actual performance, and such additional performance share units will vest on 06/01/2026, subject to the reporting person's continued employment with the issuer.
- [F2]As previously reported, includes (a) 18,334 restricted stock units that were granted on 03/01/2023 and will vest on 06/01/2026; (b) 20,667 restricted stock units that were granted on 06/01/2023 and will vest on 06/01/2026; (c) 57,200 restricted stock units that were granted on 03/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; (d) 116,134 restricted stock units that were granted on 06/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; (e) 102,400 restricted stock units that were granted on 03/01/2025 and will vest ratably on 06/01/2026, 06/01/2027 and 06/01/2028; and (f) 209,921 performance share units that were earned on 01/08/2026 and will vest on 06/01/2026; each subject to the reporting person's continued employment with the issuer.