Barrese James 4

What Happened
James Barrese, a director of Visteon Corporation, had 1,829 restricted stock units (RSUs) automatically vest and convert into 1,829 shares of Visteon common stock on June 5, 2026. The Form 4 records the transaction as an exercise/conversion of a derivative (transaction code M). No per-share price or cash proceeds are reported in the filing; 15 of the delivered shares reflect dividend equivalents paid in additional shares.

Key Details

• Transaction date: June 5, 2026. Filing date: June 9, 2026 (filed after the transaction date; note Form 4s are typically due within 2 business days).
• Transaction code: M (exercise or conversion of a derivative instrument — here, RSUs converting to common stock).
• Shares acquired: 1,829 common shares. Shares disposed entry also appears in the filing as a derivative conversion line; footnote clarifies conversion and payment were automatic.
• Price/Proceeds: N/A in filing (shares issued on vesting, not an open-market sale).
• Footnote: Each RSU equals one share; vesting was automatic and paid in common stock without any election by Mr. Barrese. 15 shares are dividend equivalents per the 2020 Incentive Plan.
• Shares owned after transaction: Not specified in the provided filing details.
• Timeliness: Filed June 9 for a June 5 transaction — likely beyond the standard 2-business-day Form 4 deadline (may be a late filing).

Context
This was a routine equity compensation event (RSU vesting and conversion), not an open-market purchase or sale. Such awards are compensation and don’t necessarily indicate insider sentiment about the stock. The Form 4 lists both an acquisition (conversion to shares) and a corresponding derivative line, which is common when RSUs convert into common stock; no immediate market sale or cashless exercise is reported.