Lorentzen Kyle David 4

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.