VISTEON CORP·4

Mar 3, 4:08 PM ET

PYNNONEN BRETT D 4

Research Summary

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Visteon (VC) SVP Brett Pynnonen Receives Equity Awards

What Happened
Brett D. Pynnonen, Senior Vice President & Chief Legal Officer of Visteon Corporation, was granted equity awards on March 1, 2026: 7,573 performance rights and 5,049 restricted stock units (RSUs), for a total of 12,622 award units. Both grants are recorded at $0.00 per share on the Form 4 (award/derivative transactions), meaning no cash was exchanged at grant — these are compensation awards, not open-market purchases.

Key Details

  • Transaction date: 2026-03-01; Form filed: 2026-03-03 (filed within the typical 2-business-day Form 4 window).
  • Awards: 7,573 performance rights (derivative) and 5,049 RSUs (derivative), grant code A (award). Reported price per unit: $0.00.
  • Shares owned after transaction: not specified in the provided filing details.
  • Footnote F1: Each performance right is a contingent right to 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 (over three years) and convert to stock upon vesting, subject to tax withholding.

Context
These awards are standard equity compensation and do not involve an immediate cash purchase or sale. Performance rights depend on meeting specified performance metrics before converting to shares, while RSUs vest over time; neither represents a realized sale or open-market buy at grant. Such grants are routine for executive compensation and should be interpreted as part of ongoing pay programs rather than a direct signal of trading intent.