GRAY STEPHEN C 4
4 · Vistance Networks, Inc. · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Vistance Networks (VISN) Director Stephen C. Gray Receives RSU Award
What Happened
Stephen C. Gray, a member of Vistance Networks' Board of Directors, was granted 16,807 restricted stock units (RSUs) on May 7, 2026. The award was reported as an "A" (award/grant) on the Form 4 with an acquisition price of $0.00 (no cash exchanged at grant).
Key Details
- Transaction date: 2026-05-07 (reported on Form 4 filed 2026-05-11). Filing was within the SEC two-business-day deadline.
- Instrument: 16,807 restricted stock units (RSUs); reported price $0.00.
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: RSUs granted under the issuer's non‑employee director compensation plan; vest on the earlier of (i) May 7, 2027, or (ii) the date of the issuer's 2027 annual meeting, subject to continued Board membership.
- Transaction code: A = Award/Grant.
Context
RSU grants to non-employee directors are common board compensation and do not involve an immediate cash purchase or sale of stock. Vesting is time- and service-based, so these units only convert to actual shares (and potential market exposure) if the director remains on the board and the vesting date is met. Such awards are routine compensation and should not be read as an explicit buy or sell signal.
Insider Transaction Report
- Award
Common Stock
[F1]2026-05-07+16,807→ 177,555 total
Footnotes (1)
- [F1]Reflects restricted stock units granted pursuant to the issuer's non-employee director compensation plan, which vest on the earlier to occur of (i) May 7, 2027; and (ii) the date of the issuer's 2027 annual stockholders' meeting, subject to the director's continued membership on the Board of Directors on such date.