Fasano Gerard A 4
Research Summary
AI-generated summary
V2X (VVX) Director Gerard Fasano Converts RSUs, Receives Award
What Happened
- Gerard A. Fasano, a director of V2X, Inc. (VVX), had restricted stock units (RSUs) convert into common stock and received a new RSU award on May 7, 2026. The filing shows an exercise/conversion of 838 derivative units into shares (acquired) and a reported disposition of 838 shares at $0.00. In addition, Fasano was reported as receiving an award of 2,188 RSUs (acquired) at $0.00. No cash purchase or market sale value is shown.
Key Details
- Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (timely under Section 16).
- Reported items:
- 838 shares: exercise/conversion of derivative — acquired (price N/A).
- 838 shares: exercise/conversion of derivative — disposed at $0.00 (reported $0).
- 2,188 shares: grant/award of RSUs — acquired at $0.00.
- Footnotes from the filing:
- F1: These RSUs convert into V2X common stock on a one-for-one basis.
- F2: The RSUs granted Jan 9, 2026 fully vested on May 7, 2026.
- F3: The 2,188-RSU award is scheduled to vest on the earlier of the 2027 annual meeting and May 7, 2027.
- Shares owned after the transaction are not specified in the provided filing.
Context
- These entries involve RSUs (derivative awards) rather than open-market purchases or sales. The conversion/acquisition lines reflect issuance of shares upon RSU vesting; the reported $0.00 disposition of 838 shares is consistent with shares being surrendered to satisfy tax withholding on vested RSUs (a common reporting treatment), though the filing does not explicitly label it as a tax withholding event.
- Awards and automatic conversions are routine insider compensation events and do not by themselves indicate buying or selling for investment reasons.