PYNNONEN BRETT D 4
4 · VISTEON CORP · Filed Mar 17, 2026
Research Summary
AI-generated summary of this filing
Visteon (VC) SVP & CLO Brett Pynnonen Receives RSU Shares; Taxes Withheld
What Happened
- Brett Pynnonen, SVP and Chief Legal Officer of Visteon Corporation, had Restricted Stock Units (RSUs) vest on March 15, 2026. The filing shows three RSU conversions of 581, 875 and 1,627 shares (total 3,083 shares) and notes 22 additional shares were dividend equivalents, resulting in roughly 3,105 shares delivered before withholding.
- To cover tax withholding, Visteon withheld 1,347 shares (disposed) — valued at about $120,010 (three withholdings at $89.09/share and a small withholding of 6 shares at $90.06). This was a vesting/award event (code M for conversion, code F for tax withholding), not an open-market sale or purchase by the insider.
Key Details
- Transaction dates: primary vesting/conversion on March 15, 2026; a small tax withholding recorded March 16, 2026.
- Prices used for withholding: $89.09/share (majority) and $90.06/share (6 shares); total cash value of withheld shares ≈ $120,010.
- Shares acquired via vesting (converted to common stock): 3,083 RSU shares per transaction lines; filing notes 22 dividend-equivalent shares were also issued.
- Shares withheld for taxes (disposed): 1,347 shares.
- Shares owned after the transaction: not specified in the provided filing details.
- Footnotes: RSUs automatically vested and converted to stock (no action by insider); withheld shares were used to satisfy income tax withholding and dividend-equivalent withholding per the Visteon 2020 Incentive Plan.
- Timeliness: Reported March 17, 2026 for a March 15, 2026 vesting—filed within the normal Form 4 reporting window (not flagged as late).
Context
- This was a routine equity award vesting and company tax-withholding transaction, not an open-market buy or sell by the insider. Such withholding is common when RSUs vest and does not necessarily signal insider sentiment.
- The filing uses derivative/vesting codes (M for conversion of RSU/derivative; F for shares used to satisfy tax obligations).
Insider Transaction Report
Form 4
PYNNONEN BRETT D
SVP & Chief Legal Officer
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-03-15+581→ 12,348 total - Tax Payment
Common Stock
[F2]2026-03-15$89.09/sh−253$22,540→ 12,095 total - Exercise/Conversion
Common Stock
[F1]2026-03-15+875→ 12,970 total - Tax Payment
Common Stock
[F2]2026-03-15$89.09/sh−381$33,943→ 12,589 total - Exercise/Conversion
Common Stock
[F1]2026-03-15+1,627→ 14,216 total - Tax Payment
Common Stock
[F2]2026-03-15$89.09/sh−707$62,987→ 13,509 total - Tax Payment
Common Stock
[F3]2026-03-16$90.06/sh−6$540→ 13,503 total - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-15−581→ 0 totalExp: 2026-03-15→ Common Stock (581 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-15−875→ 870 totalExp: 2027-03-15→ Common Stock (875 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-03-15−1,627→ 3,230 totalExp: 2028-03-15→ Common Stock (1,627 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 15, 2026 and was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of March 13, 2026, the next preceding trading day, and 22 of the shares reflect dividend equivalents paid in additional shares pursuant to the terms of the Visteon Corporation 2020 Incentive Plan.
- [F2]These shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units. The value of each share was based on the fair market value of Visteon common stock as of March 13, 2026. the next preceding trading day.
- [F3]The shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the receipt of dividend equivalents pursuant to the terms of the Visteon Corporation 2020 Incentive Plan. The value of each share was based on the fair market value of Visteon common stock as of March 16, 2026.
- [F4]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.
Signature
/s/Heidi A. Sepanik, Corporate Secretary, Visteon Corporation on behalf of Brett D. Pynnonen|2026-03-17