Visteon (VC) SVP Joao Paulo Ribeiro Receives Equity Awards

What Happened

• Joao Paulo Ribeiro, Senior Vice President of Visteon Corp (VC), received equity awards on 2026-03-01: 3,311 performance rights and 2,208 restricted stock units (RSUs). Each award is recorded at $0.00 (derivative awards), so there is no immediate cash purchase or sale.

Key Details

• Transaction date and type: 2026-03-01 — two grants/awards (reported as acquisitions/derivatives).
• Price: $0.00 per share for both grants (standard for performance rights/RSUs).
• Shares owned after transaction: Not specified in the provided Form 4.
• Footnotes:
  • F1: Each performance right converts to one share if performance targets (relative shareholder return and ROIC) are met over a three‑year performance period; payable in stock and subject to tax withholding.
  • F2: RSUs vest 33% on each March 15 following the grant until fully vested; delivered in stock upon vesting, subject to tax withholding.
• Filing timeliness: Report filed 2026-03-03 for a 2026-03-01 grant. Because the deadline is two business days after the transaction, this filing appears timely.

Context

• These were compensation grants, not open-market purchases or sales — common for executive pay and not an immediate cash investment signal. Performance rights are contingent on future metrics, while RSUs vest over time; both convert to shares only under their respective conditions.