Chertoff Jocelyn D 4

What Happened

• Jocelyn D. Chertoff, a director of Varex Imaging Corp., had 8,483 deferred stock units convert into 8,483 shares on February 9, 2026. The Form 4 shows an "exercise/conversion of derivative" (code M) resulting in acquisition of 8,483 shares and a corresponding line showing disposition of 8,483 shares at $0.00. No cash proceeds from an open‑market sale were reported.

Key Details

• Transaction date: February 9, 2026. Report filed the same day (timely).
• Transaction type: Conversion/exercise of a derivative (deferred stock units) — reported as code M.
• Shares converted/acquired: 8,483 common shares. Disposition line: 8,483 shares at $0.00 (internal settlement mechanics, not an open‑market sale).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes:
  • F1: Each Deferred Stock Unit converts one-for-one into common stock.
  • F2: These DSUs were granted Feb 9, 2023, vested Feb 8, 2024, and delivery of vested DSUs as common stock occurred on Feb 9, 2026 (third anniversary of grant).

Context

• These transactions reflect the conversion/delivery of previously granted deferred stock units to common shares for a director — a routine compensation/settlement event rather than a purchase or public sale. The $0.00 disposition line reflects how the conversion/settlement was reported on the Form 4 and does not indicate proceeds from an open‑market sale.