Maguire Joanne M 4
Research Summary
AI-generated summary
Visteon Director Joanne Maguire Receives 1,829 Shares via RSU Conversion
What Happened
- Joanne M. Maguire, a director of Visteon Corporation (VC), had 1,829 restricted stock units (RSUs) automatically vest on June 5, 2026; those RSUs were converted and paid to her in 1,829 shares of Visteon common stock. The Form 4 reports both the acquisition of 1,829 shares and the corresponding disposition of the derivative RSU units (standard reporting for conversions).
- No exercise price or cash consideration is reported (N/A). The value of the shares was determined based on the fair market value of Visteon common stock as of June 5, 2026. Of the 1,829 shares received, 15 shares reflect dividend equivalents paid in additional shares under the 2020 Incentive Plan.
Key Details
- Transaction date: June 5, 2026 (Form 4 filed June 9, 2026 — timely within the two-business-day window).
- Reported action: Conversion/exercise of derivative security (RSU vesting → common stock).
- Shares acquired: 1,829 common shares; 15 of those are dividend-equivalent shares.
- Price/consideration: N/A on the Form 4; value based on fair market value on June 5, 2026 (not specified in filing).
- Shares owned after transaction: Not disclosed in this filing.
- Footnote: RSUs automatically vested and converted without any election; 15 shares are dividend equivalents per the Visteon 2020 Incentive Plan.
Context
- This was a routine vesting and conversion of RSUs to common stock, not an open-market purchase or sale. Such award conversions are common compensation events and do not, by themselves, indicate insider buying or selling sentiment.
- The Form 4 shows both the acquisition of the underlying shares and the disposition of the derivative RSUs (standard SEC reporting practice for conversions).