Schupfner Markus J 4
4 · VISTEON CORP · Filed Mar 10, 2020
Insider Transaction Report
Form 4
Schupfner Markus J
Senior Vice President
Transactions
- Tax Payment
Common Stock
2020-03-07$62.30/sh−151$9,407→ 2,129 total - Exercise/Conversion
Common Stock
2020-03-07+292→ 2,280 total - Exercise/Conversion
Restricted Stock Units
2020-03-07−292→ 586 totalExp: 2022-03-07→ Common Stock (292 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 7, 2020 and 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 March 6, 2020, the next preceding trading day.
- [F2]These shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units. The value of each share was based on the fair market value of Visteon common stock as of March 6, 2020, the next preceding trading day.
- [F3]Restricted Stock Units vest to the extent of 33% of the units granted each year following the first annivesary of the date of grant until the third anniverary of the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in cash or stock at the election of Visteon, upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.