Lawande Sachin 4

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.