Varex Imaging (VREX) CHRO Karen Aranki Exercises RSUs; Shares Withheld

What Happened

• Karen L. Aranki, Chief Human Resources Officer of Varex Imaging (VREX), had 3,974 restricted stock units (RSUs) convert into common shares on August 14, 2026. To satisfy tax withholding on the vesting, 1,145 of those shares were withheld (disposed) at an implied withholding price of $18.49, resulting in $21,171 withheld and paid. The remaining vested shares were delivered to the reporting person.

Key Details

• Transaction dates: August 14, 2026 (reported on Form 4 filed August 18, 2026).
• Actions reported: Conversion/exercise of derivative (code M) — 3,974 RSUs converted to common stock; tax withholding (code F) — 1,145 shares withheld and disposed.
• Withholding price/value: 1,145 shares withheld at $18.49 = $21,171.
• Exercise/conversion price: $0.00 for the derivative conversion (typical for RSU vesting).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each RSU converts one-for-one into common stock.
  • F2: The 1,145 shares represent shares withheld to satisfy tax withholding on vesting.
  • F3: These RSUs were granted Aug 15, 2024; 50% vested Aug 15, 2026 and the remaining 50% vests Aug 15, 2028.
• Filing timeliness: Transaction date Aug 14, 2026; Form 4 filed Aug 18, 2026. Form 4s are generally due within two business days of the transaction, so this filing was submitted four days after the transaction date (confirm whether this meets timeliness rules for business-day counting).

Context

• This filing reflects RSU vesting (an award converting to shares), not an open-market buy or discretionary sale. The withholding of 1,145 shares to cover taxes is a common cashless settlement practice and does not necessarily indicate a deliberate sale of shares for investment reasons.
• Transaction codes: M = exercise/conversion of derivative (here, RSU conversion); F = shares withheld for tax obligations.