Bardwell Kathleen 4

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.