GUERTIN TIMOTHY E 4
4 · Varex Imaging Corp · Filed Feb 13, 2026
Research Summary
AI-generated summary of this filing
Varex Imaging Director Timothy Guertin Receives Deferred Stock Award
What Happened
Timothy E. Guertin, a director of Varex Imaging Corp (VREX), was granted 12,331 Deferred Stock Units on 2026-02-12. The grant was recorded as an award/derivative transaction (code A) at a $0.00 per-unit price (no cash paid). These units are not immediate common shares but convert into common stock on a one-for-one basis per the filing.
Key Details
- Transaction date: 2026-02-12 (reported on Form 4 filed 2026-02-13).
- Grant: 12,331 Deferred Stock Units; reported acquisition price $0.00 (derivative award).
- Shares owned after transaction: not specified in the filing.
- Footnotes:
- F1 — Each Deferred Stock Unit converts into one common share.
- F2 — Units vest 100% on the earlier of (i) one year after grant or (ii) the next annual meeting; vested shares will be delivered on the earlier of (i) the third anniversary of grant, (ii) a change in control, or (iii) the director’s termination of service.
- Timeliness: Filing appears timely (reported the next day), so no late-filing implications noted.
Context
Deferred Stock Units are a common form of director compensation and are different from open-market purchases or sales — they represent a future right to receive shares subject to vesting/delivery conditions. Because no cash was exchanged and delivery is deferred, this award is a compensation event rather than an immediate market signal of insider buying or selling.
Insider Transaction Report
- Award
Deferred Stock Units
[F1][F2]2026-02-12+12,331→ 12,331 total→ Common Stock (12,331 underlying)
Footnotes (2)
- [F1]Each Deferred Stock Unit converts into common stock on a one-for-one basis.
- [F2]These Deferred Stock Units vest 100% on the earlier of (i) the one-year anniversary of the date of the grant and (ii) the next annual meeting of stockholders that occurs after the date of grant. Vested shares will be delivered to the reporting person upon the earlier of (i) the third anniversary of the date of grant (ii) a change in control or (iii) the reporting person's termination of service for any reason.