TSINGOS CHRISTINE A 4
Research Summary
AI-generated summary
Varex Imaging (VREX) Director Christine A. Tsingos Receives Award
What Happened
Christine A. Tsingos, a director of Varex Imaging Corp (VREX), was granted 12,331 Deferred Stock Units (DSUs) on February 12, 2026. The Form 4 reports an acquisition at $0.00 (award/grant), meaning no cash was paid — this is a compensation award rather than an open-market purchase.
Key Details
- Transaction date and price: 2026-02-12; grant reported at $0.00 (transaction code A = award/grant).
- Amount: 12,331 Deferred Stock Units (derivative award).
- Shares owned after transaction: Not disclosed in the filing excerpt.
- Filing timeliness: Form 4 filed 2026-02-13 (covers transaction on 2026-02-12) — appears timely.
- Footnotes/notable terms:
- F1: Each Deferred Stock Unit converts into one share of common stock on a one-for-one basis.
- F2: The DSUs vest 100% on the earlier of (i) the one-year anniversary of the grant or (ii) the next annual meeting. Vested shares will be delivered upon the earlier of (i) the third anniversary of the grant, (ii) a change in control, or (iii) the reporting person's termination of service.
- Transaction type: derivative award (not an immediate share transfer or sale).
Context
Deferred stock units are commonly used for director compensation and do not represent immediate common-share ownership until conversion/delivery. This award is routine compensation-related activity rather than an open-market buy or sale; it does not by itself indicate a personal trading decision or market sentiment.