Sivignon Pierre Jean 4

What Happened
Pierre Jean Sivignon, a director of Vista Energy, converted restricted stock units (RSUs) into 6,000 Series A shares on April 9, 2026 (reported on Form 4 filed Apr 13, 2026). As part of the transaction, 1,500 shares were surrendered/withheld to cover taxes at $65.08 per share, for a tax payment of $97,620. The filing also shows a related derivative disposition of 6,000 units at $0, reflecting the cancellation/settlement of the underlying RSUs. Net shares received by the insider on settlement: 4,500 (6,000 acquired minus 1,500 withheld).

Key Details

• Transaction date: 2026-04-09; Form 4 filed: 2026-04-13 (filed within required timeframe).
• Actions reported:
  • M (exercise/conversion): 6,000 shares acquired (conversion of RSUs).
  • F (tax withholding): 1,500 shares disposed @ $65.08 = $97,620 (shares withheld to cover tax liability).
  • M (derivative disposition): 6,000 units disposed @ $0 (cancellation/settlement of RSUs).
• Shares owned after transaction: not specified in the excerpt provided.
• Footnotes:
  • F1: Each Restricted Stock Unit represents a contingent right to one Series A share (or cash value).
  • F2: Notes Series A shares are represented by ADSs (1 ADS = 1 Series A share); filing references 109,500 Series A shares/ADSs (as described in the filing).

Context

• This was a settlement of equity awards (RSUs), not an open-market purchase or sale. The withholding of 1,500 shares to cover taxes is a common administrative step (code F) and should be read as tax withholding rather than a market sale signal.
• M = exercise/conversion of a derivative (here, conversion of RSUs); F = payment of exercise price or tax liability via share withholding.
• Such award settlements are routine for executives/directors when awards vest and do not necessarily indicate a change in insider sentiment.