Lorentzen Kyle David 4
4 · Vistance Networks, Inc. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Vistance (VISN) EVP/CFO Kyle Lorentzen Receives 5,181-Share Award
What Happened
Kyle Lorentzen, EVP & Chief Financial Officer of Vistance Networks (VISN), was awarded 5,181 performance share units (PSUs) on 02/24/2026. The award is reported at $0.00 per share (transaction code A — grant/award). These additional PSUs were determined earned based on actual performance and are scheduled to vest on 06/01/2026, subject to Lorentzen’s continued employment.
Key Details
- Transaction date: 2026-02-24; Form 4 filed: 2026-02-26 (timely filing).
- Transaction type/code: Award/Grant (A). Price per share reported: $0.00.
- Shares awarded: 5,181 performance share units; vesting date: 06/01/2026, contingent on continued employment.
- Footnote F1: These 5,181 PSUs were additional units earned under a 03/01/2023 PSU grant; the Compensation Committee previously approved vesting of other PSU amounts (including 29,041 PSUs on 01/08/2026).
- Footnote F2: The filing references other outstanding unvested awards previously reported: 125,400 RSUs (03/01/2024), 394,600 RSUs (06/01/2024), 307,100 RSUs (03/01/2025), and 253,848 PSUs earned on 01/08/2026 — a combined total of 1,080,948 unvested units noted in F2.
- Shares owned after transaction: the Form 4 does not state total common shares beneficially owned outright; it discloses outstanding unvested awards as summarized above.
Context
- This was an equity compensation award (not a market purchase or sale). Awards like PSUs are part of executive pay and vest subject to performance and service conditions — they do not represent an immediate cash outlay or a sale signal.
- The award increases potential future vested equity if performance and employment conditions are met; it does not create immediate tradable shares unless and until they vest.
Insider Transaction Report
Form 4
Lorentzen Kyle David
EVP & CFO
Transactions
- Award
Common Stock
[F1][F2]2026-02-24+5,181→ 2,055,307.465 total
Footnotes (2)
- [F1]On 03/01/2023, the reporting person was granted 120,500 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 12/16/2025, the Compensation Committee of the issuer approved the vesting of a portion of the performance share units representing 120,500 shares, effective on 12/18/2025, based upon estimated performance. On 01/08/2026, the Compensation Committee determined that 29,041 additional 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 5,181 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) 125,400 restricted stock units that were granted on 03/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; (b) 394,600 restricted stock units that were granted on 06/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; (c) 307,100 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 (d) 253,848 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.
Signature
/s/ Michael D. Coppin, Under a Power of Attorney|2026-02-26