Smith Michael James 4

What Happened

• Michael James Smith, V2X (VVX) corporate development, investor relations & treasurer, had performance stock units (PSUs) vest on February 25, 2026. The filing shows conversion/exercise of PSUs into a total of 3,025 shares (lines showing 837, 1,094 and 1,094 shares).
• To satisfy tax withholding/obligations, 661 shares were withheld (273 and 388 shares) at a reported withholding price of $68.56 per share, totaling $45,321. The transaction lines use code M for conversion/exercise and F for payment of tax liability.

Key Details

• Transaction date: February 25, 2026; Form 4 filed Feb 27, 2026 (timely filing).
• Shares acquired on vesting/conversion: 3,025 shares (aggregate of 837 + 1,094 + 1,094).
• Shares withheld for taxes/paid: 661 shares (273 + 388) at $68.56 = $45,321.
• Footnotes: PSUs were granted March 10, 2023, vested Feb 25, 2026 upon achievement of performance/stock-price conditions and were convertible one-for-one to common stock (per F1–F4).
• Shares owned after the transaction: not disclosed in the filing.

Context

• These were PSUs vesting (awards), not open-market purchases or voluntary sales. The withheld shares represent a routine tax withholding/cashless settlement to satisfy tax obligations rather than a market-based sale intended as investment action.
• For retail investors, awards vesting and withholding are administrative and do not necessarily indicate the officer’s buy/sell intent beyond standard compensation settlement.