Bilolikar Sunil K 4
4 · VISTEON CORP · Filed Feb 10, 2020
Insider Transaction Report
Form 4
Bilolikar Sunil K
Senior Vice President
Transactions
- Exercise/Conversion
Performance Rights
2020-02-06−1,834→ 0 totalExp: 2020-01-31→ Common Stock (1,834 underlying) - Exercise/Conversion
Common Stock
2020-02-06+1,834→ 3,708 total - Tax Payment
Common Stock
2020-02-06$84.33/sh−583$49,164→ 3,125 total - Award
Performance Rights
2020-02-06−266→ 1,834 totalExp: 2020-01-31→ Common Stock (266 underlying)
Footnotes (4)
- [F1]Each performance right, which is the economic equivalent of one share of Visteon common stock, was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of February 6, 2020.
- [F2]The shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Performance Rights. The value of each share was based on the fair market value of Visteon common stock as of February 6, 2020.
- [F3]Each Performance Right represents a contingent right to receive one share of Visteon common stock. The Performance Rights vested based on relative total shareholder return over a three year performance period and were paid in stock at the election of the Company.
- [F4]Additional Performance Rights were received because the performance criteria was exceeded.