Farnsworth David E. 4
Research Summary
AI-generated summary
V2X (VVX) Director David Farnsworth Exercises RSUs, Receives RSU Award
What Happened
- David E. Farnsworth, a director of V2X, Inc. (VVX), had derivative/RSU activity on May 7, 2026. The filing shows an exercise/conversion of 1,948 derivative shares into common stock and a simultaneous disposition of 1,948 derivative shares at $0.00 (reported as a derivative disposal). He was also reported as acquiring a grant/award of 2,188 RSUs at $0.00 on the same date. No cash purchase or open-market sale was reported.
Key Details
- Transaction date: May 7, 2026; Form 4 filed May 11, 2026 (timely).
- Exercise/conversion: 1,948 derivative shares reported as acquired (price N/A).
- Disposition: 1,948 derivative shares disposed at $0.00 (reported as derivative).
- Grant/award: 2,188 RSUs acquired @ $0.00 (convert to common stock 1-for-1 per footnote).
- Shares owned after transaction: Not reported in the filing.
- Relevant footnotes from the filing:
- F1: The RSUs convert into V2X common stock on a one-for-one basis.
- F2: Some RSUs were originally granted Aug 14, 2025 and fully vested 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.
- Filing timeliness: Reported May 11 for May 7 transactions (filed within normal Form 4 timing).
Context
- The filing indicates RSU vesting/conversion and a new RSU award — routine compensation actions rather than open-market buys or sales. The matching acquisition and $0.00 disposal of 1,948 shares is consistent with shares being converted and an equal number surrendered (commonly for tax withholding), per the filing’s derivative reporting. The new 2,188 RSUs convert 1:1 to shares but are scheduled to vest by May 7, 2027 (or earlier at the 2027 meeting).