Lawande Sachin 4
4 · VISTEON CORP · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Visteon (VC) CEO Sachin Lawande Receives Stock Awards
What Happened
Sachin Lawande, President, CEO and a director of Visteon Corp (VC), received two stock-based awards on 2026-03-01: 65,851 performance rights and 43,901 restricted stock units (total 109,752 units). Both awards are reported as acquisitions at $0.00 because they are equity compensation (derivative awards), not open-market purchases.
Key Details
- Transaction date: 2026-03-01; Form 4 filed 2026-03-03 (timely filing).
- Awards: 65,851 performance rights (F1) and 43,901 restricted stock units (F2); each entry reported as acquired at $0.00.
- Shares owned after the transaction: Not disclosed in the provided Form 4.
- Footnote F1: Each performance right is a contingent right to receive one share, vesting based on relative shareholder return and return on invested capital over a three-year performance period; payable in stock and subject to tax withholding.
- Footnote F2: RSUs vest 33% on each March 15 following the grant date until fully vested; converted and distributed in stock upon vesting, subject to tax withholding.
- Transaction code: A = Award/Grant (not a purchase or sale).
Context
These are compensation grants, not purchases or sales, so they do not represent immediate cash proceeds or open-market buying/selling. Performance rights are contingent on future performance metrics and may never convert to shares if targets aren’t met; RSUs vest over time. Such awards are routine executive compensation and should be interpreted as remuneration rather than a direct bullish or bearish trade.
Insider Transaction Report
- Award
Performance Rights
[F1]2026-03-01+65,851→ 65,851 totalExp: 2029-02-28→ Common Stock (65,851 underlying) - Award
Restricted Stock Units
[F2]2026-03-01+43,901→ 43,901 totalExp: 2028-03-15→ Common Stock (43,901 underlying)
- 175,527
Common Stock
- 146,229(indirect: By SLAT)
Common Stock
Footnotes (2)
- [F1]Each performance right represents a contingent right to receive one share of Visteon common stock. The vesting of the performance right is based on relative shareholder return and return on invested capital metrics over a three year performance period and payable in stock, subject to tax withholding.
- [F2]Restricted Stock Units vest to the extent of 33% of the units granted on the following March 15th of each year after the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in stock upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.