BURKE JAMES A 4
4 · Vistra Corp. · Filed Feb 26, 2026
Research Summary
AI-generated summary of this filing
Vistra (VST) CEO James Burke Receives 320,000-Share Award
What Happened
James A. Burke, President & CEO and a director of Vistra Corp. (VST), was awarded 320,000 performance-based restricted stock units (RSUs) that vested on Feb 24, 2026 (grant/acquisition coded "A"). The award was valued at $171.62 per share for a total grant value of $54,918,400. To satisfy tax withholding requirements, the company withheld 125,048 shares (value $21,460,738) and 13,992 shares (value $2,401,307), for a total of 139,040 shares withheld (total value $23,862,045). Net shares delivered to Burke after withholding were 180,960 (net value ≈ $31,056,355).
Key Details
- Transaction date: February 24, 2026; Form 4 filed February 26, 2026 (covers period 2/24/2026).
- Prices: $171.62 per share for the award and withholding calculations.
- Awards: 320,000 performance-based RSUs (code A).
- Withholding: 125,048 shares and 13,992 shares withheld to pay taxes (code F); these appear as disposals on the Form 4.
- Footnotes: F1 — performance targets for the 3-year period ended Dec 31, 2025 were certified by the Board committee on Feb 18, 2026. F2/F3 — the withheld disposals were determined by award terms and not within the reporting person’s control.
- Shares owned after transaction: Not disclosed on this filing.
- Filing timeliness: Filed two days after the transaction date; no late filing flag noted.
Context
This was a vesting of performance-based RSUs, not an open-market buy or sale. The withheld-share transactions are routine tax withholding (a cashless settlement mechanism) and do not necessarily signal a change in the insider’s view of the company. Performance certification by the compensation committee triggered the vesting.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-24$171.62/sh+320,000$54,918,400→ 618,002 total - Tax Payment
Common Stock
[F2]2026-02-24$171.62/sh−125,048$21,460,738→ 492,954 total - Tax Payment
Common Stock
[F3]2026-02-24$171.62/sh−13,992$2,401,307→ 478,962 total
- 701,514(indirect: By Spouse)
Common Stock
- 34,000(indirect: By Trust)
Common Stock
- 259(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Represents performance-based restricted stock units for which the applicable performance criteria for the three-year period ended December 31, 2025 was certified by the Issuer's Social Responsibility and Compensation Committee of the Board of Directors as of February 18, 2026.
- [F2]This transaction represents the withholding by the Issuer of shares to pay taxes in connection with the vesting of performance-based restricted stock units. The timing and amount of the transaction were determined by the terms of the applicable performance-based restricted stock unit award and were not within the control of the Reporting Person.
- [F3]This transaction represents the withholding by the Issuer of shares to pay taxes in connection with the vesting of restricted stock units. The timing and amount of the transaction were determined by the terms of the applicable restricted stock unit award and were not within the control of the Reporting Person.