Vistance Networks, Inc.·4

Feb 26, 4:21 PM ET

Gilstrap Charles A 4

4 · Vistance Networks, Inc. · Filed Feb 26, 2026

Research Summary

AI-generated summary of this filing

Updated

Vistance Networks (VISN) SVP Charles Gilstrap Receives 677-Share Award

What Happened

  • Charles A. Gilstrap, SVP, Treasury, Tax & CAO of Vistance Networks (VISN), was awarded 677 additional performance share units (PSUs) on 2026-02-24. The award shows an acquisition of 677 shares at $0.00 (no cash paid), total value reported as $0. These PSUs were determined earned based on company performance and will vest on 06/01/2026, subject to Gilstrap’s continued employment.

Key Details

  • Transaction date: 2026-02-24; filing date: 2026-02-26 (filed within the typical 2-business-day Form 4 window).
  • Price: $0.00 per share (award/grant). Reported dollar amount: $0.
  • Vesting: The 677 PSUs will vest on 06/01/2026, contingent on continued employment.
  • Outstanding/previous awards (from filing footnote):
    • 12,250 restricted stock units granted 06/01/2023 (vest 06/01/2026)
    • 73,500 restricted stock units granted 06/01/2024 (vest ratably 06/01/2026 & 06/01/2027)
    • 33,200 restricted stock units granted 06/01/2025 (vest ratably 06/01/2026, 06/01/2027 & 06/01/2028)
    • 51,915 performance share units reported as earned earlier and vesting 06/01/2026 (plus the additional 677 PSUs granted 02/24/2026)
  • Shares owned following this specific transaction are not explicitly stated in the provided summary of the filing.

Context

  • These were performance-based awards (PSUs) determined by the Compensation Committee based on prior performance periods; they are not open-market purchases or sales and do not represent immediate cash proceeds. Grants and earned PSUs commonly vest later and are conditioned on continued employment, so they are not a direct bullish/sell signal by themselves.

Insider Transaction Report

Form 4
Period: 2026-02-24
Gilstrap Charles A
SVP, Treasury, Tax & CAO
Transactions
  • Award

    Common Stock

    [F1][F2]
    2026-02-24+677276,117 total
Footnotes (2)
  • [F1]On 06/01/2023, the reporting person was granted 15,750 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 19,546 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 677 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) 12,250 restricted stock units that were granted on 06/01/2023 and will vest on 06/01/2026; (b) 73,500 restricted stock units that were granted on 06/01/2024 and will vest ratably on 06/01/2026 and 06/01/2027; (c) 33,200 restricted stock units that were granted on 06/01/2025 and will vest ratably on 06/01/2026, 06/01/2027 and 06/01/2028; and (d) 51,915 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

Documents

1 file
  • 4
    ownership.xmlPrimary

    4