PYNNONEN BRETT D 4

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).