Lawande Sachin 4
4 · VISTEON CORP · Filed Apr 27, 2026
Research Summary
AI-generated summary of this filing
Visteon (VC) CEO Sachin Lawande Exercises Options and Sells Shares
What Happened
- Sachin Lawande, President & CEO of Visteon Corporation, exercised a total of 49,826 optioned shares (11,009 on 2026-04-23 and 38,817 on 2026-04-24) at a strike price of $66.98, costing about $3.34M in the aggregate. He then sold all 49,826 shares in multiple open-market transactions on 2026-04-23–04-24 for aggregate proceeds of roughly $5.62M. Net cash proceeds before taxes/fees are approximately $2.29M.
- These transactions show an exercise of stock options (transaction code M) immediately followed by sales (transaction code S) of the acquired shares — a common cashless-exercise pattern.
Key Details
- Dates: Exercises on 2026-04-23 (11,009 shares) and 2026-04-24 (38,817 shares); sales executed 2026-04-23–04-24.
- Exercise price: $66.98 per share (total exercise cost ≈ $3,337,346).
- Sales: 49,826 shares sold across multiple trades for aggregate proceeds ≈ $5,622,695. Per-trade weighted averages reported:
- 11,009 sold at $110.09 (range $110.00–$110.27) — 4/23 (F2)
- 1,300 at $110.81 (range $110.57–$110.83) — 4/24 (F3)
- 4,850 at $112.64 (range $112.00–$112.99) — 4/24 (F4)
- 19,822 at $113.52 (range $113.03–$114.02) — 4/24 (F5)
- 12,045 at $114.40 (range $114.03–$115.02) — 4/24 (F6)
- 800 at $115.27 (range $115.16–$115.50) — 4/24 (F7)
- All disposals equal the number of shares acquired via exercise (49,826). The Form 4 also shows matching derivative-conversion lines (exercise converted options to shares).
- Footnotes: Transactions were effected under a Rule 10b5-1 trading plan adopted July 31, 2025 (F1). Option vesting schedule noted (one-third/one year, two-thirds/two years, full/three years) (F8).
- Filing timeliness: The Form 4 was filed 2026-04-27 for transactions on 4/23–4/24; no late-filing flag was indicated in the provided data.
Context
- Because Lawande exercised options and sold the same shares immediately under a pre-established 10b5-1 plan, this appears to be a routine cashless exercise and disposition rather than an opportunistic one-off trade. Pre-arranged plans are commonly used by executives to avoid appearing to trade on nonpublic information.
- This transaction is informative (large sale after option exercise) but does not, by itself, indicate management’s view of the company’s prospects.
Insider Transaction Report
Form 4
Lawande Sachin
DirectorCEO and President
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-04-23$66.98/sh+11,009$737,383→ 204,831 total - Sale
Common Stock
[F2]2026-04-23$110.09/sh−11,009$1,211,981→ 193,822 total - Exercise/Conversion
Common Stock
[F1]2026-04-24$66.98/sh+38,817$2,599,963→ 232,639 total - Sale
Common Stock
[F3]2026-04-24$110.81/sh−1,300$144,053→ 231,339 total - Sale
Common Stock
[F4]2026-04-24$112.64/sh−4,850$546,304→ 226,489 total - Sale
Common Stock
[F5]2026-04-24$113.52/sh−19,822$2,250,193→ 206,667 total - Sale
Common Stock
[F6]2026-04-24$114.40/sh−12,045$1,377,948→ 194,622 total - Sale
Common Stock
[F7]2026-04-24$115.27/sh−800$92,216→ 193,822 total - Exercise/Conversion
Employee Stock Option (right to buy)
[F1][F8]2026-04-23−11,009→ 38,817 totalExercise: $66.98Exp: 2027-03-03→ Common Stock (11,009 underlying) - Exercise/Conversion
Employee Stock Option (right to buy)
[F1][F8]2026-04-24−38,817→ 0 totalExercise: $66.98Exp: 2027-03-03→ Common Stock (38,817 underlying)
Footnotes (8)
- [F1]The transactions reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on July 31, 2025
- [F2]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.00 - $110.27, inclusive. The reporting person undertakes to provide to Visteon Corporation, its shareholders or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in the footnotes to this Form 4
- [F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $110.57 - $110.83, inclusive.
- [F4]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $112.00 - $112.99, inclusive.
- [F5]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $113.03 - $114.02, inclusive.
- [F6]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $114.03 - $115.02, inclusive.
- [F7]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $115.16 - $115.50, inclusive.
- [F8]The option is exercisable to the extent of one third of the shares optioned after one year from the date of grant, two-thirds in two years and in full after three years.
Signature
Heidi A. Sepanik, Corporate Secretary, Visteon Corporation on behalf of Sachin S. Lawande|2026-04-27