Bardwell Kathleen 4
4 · Varex Imaging Corp · Filed Feb 9, 2026
Research Summary
AI-generated summary of this filing
Varex Imaging Director Kathleen Bardwell Converts 8,483 DSUs to Shares
What Happened Kathleen Bardwell, a director of Varex Imaging Corp (VREX), had 8,483 Deferred Stock Units (DSUs) converted into 8,483 common shares on February 9, 2026. The Form 4 reports an "exercise/conversion of derivative" (transaction code M) showing acquisition of 8,483 shares and a corresponding disposition of 8,483 derivative units at $0.00; no cash proceeds are reported. Footnotes state each DSU converts one-for-one into common stock and that these DSUs were granted on Feb 9, 2023, vested Feb 8, 2024, and were delivered on the third anniversary (Feb 9, 2026).
Key Details
- Transaction date: 2026-02-09. Transaction code: M (exercise/conversion of derivative).
- Shares acquired: 8,483 common shares via conversion of DSUs.
- Disposition reported: 8,483 derivative units at $0.00 (no cash proceeds shown).
- Footnotes: F1 — 1 DSU = 1 common share; F2 — DSUs issued 2/9/2023, vested 2/8/2024, delivered 2/9/2026.
- Shares owned after the transaction: not disclosed in the filing.
- Timeliness: filing date and period of report both 2026-02-09 (appears timely).
Context This was a scheduled conversion/delivery of vested director compensation (DSUs), not an open-market purchase or sale. The filing shows the administrative conversion of deferred awards into stock rather than a trade for cash; such award deliveries are routine forms of director compensation and do not necessarily signal a change in the director's view of the company.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-02-09+8,483→ 12,102 total - Exercise/Conversion
Deferred Stock Units
[F1][F2]2026-02-09−8,483→ 0 total→ Common Stock (8,483 underlying)
Footnotes (2)
- [F1]Each Deferred Stock Unit converts into common stock on a one-for-one basis.
- [F2]These Deferred Stock Units were issued on February 9, 2023, vested on February 8, 2024, and delivery of the vested Deferred Stock Units, in the form of common stock occurred on February 9, 2026, the third anniversary of the date of grant.