Vallance Robert R 4

What Happened
Robert R. Vallance, Senior Vice President of Visteon Corporation (VC), received two equity awards on March 1, 2026: 6,491 performance rights and 4,327 restricted stock units (RSUs). Both grants were reported as derivative awards with an acquisition price of $0.00 (i.e., no cash paid). These are compensation awards, not open-market purchases or sales.

Key Details

• Transaction date: March 1, 2026; Form 4 filed March 3, 2026 (filed within normal two-business-day window).
• Award types and amounts: 6,491 performance rights (F1); 4,327 RSUs (F2). Reported price: $0.00 for each award.
• Total cash paid: $0.00 (awards granted as compensation).
• Shares owned after transaction: Not disclosed in the Form 4.
• Footnote F1 (performance rights): Each right converts to one share if performance metrics (relative shareholder return and return on invested capital) are met over a three-year performance period; settlement in stock and subject to tax withholding.
• Footnote F2 (RSUs): 33% of RSUs vest on each March 15 following the grant for three years; vested RSUs convert to shares without payment and are subject to tax withholding.
• Transaction code: "A" = Grant/Award; reported as derivative securities.

Context
Performance rights are contingent awards that only become shares if specified performance goals are achieved; RSUs vest over time and then convert to stock. These grants are standard executive compensation and do not represent an immediate purchase or sale of Visteon stock. Such awards can dilute existing shareholders if and when they vest and convert to shares, but they are common tools to align executive incentives with company performance.