Sharif Qais M 4

What Happened

• Sharif Qais, Senior Vice President of Visteon Corp (VC), had Restricted Stock Units (RSUs) automatically vest and convert into common shares on March 15, 2026. A total of 2,058 RSU units converted into 2,058 shares. To satisfy withholding obligations, Visteon withheld 852 shares (disposed) for taxes, valued at $75,908, leaving a net 1,206 shares delivered to Mr. Qais. One small withholding (4 shares) used a $90.06 price on March 16; the other withholdings used $89.09 (based on March 13, 2026 fair market value).

Key Details

• Transaction dates: primary conversion/vesting on 2026-03-15; one withholding recorded 2026-03-16.
• Prices used for withholding: $89.09 per share (FMV as of Mar 13, 2026) and $90.06 for the 4-share withholding on Mar 16, 2026.
• Shares converted (acquired): 2,058 shares (from RSU conversion; reported as derivative exercise/conversion, code M).
• Shares withheld/disposed for taxes (code F): 852 shares; total value withheld = $75,908.
• Net shares delivered to insider: 1,206 shares.
• Footnotes: RSUs automatically vested and converted to stock (including 12 shares representing dividend equivalents); withheld shares were used to satisfy income tax obligations per the 2020 Incentive Plan; vesting schedule described in filing.
• Shares owned after transaction: Not reported in the provided excerpt — see the full Form 4 for total beneficial ownership.
• Filing: Form 4 filed 2026-03-17 for transactions on 2026-03-15 — filed within the normal 2-business-day window (timely).

Context

• These were RSU vesting/conversion events, not open-market purchases or voluntary sales. The withholding of shares to cover taxes is a routine administrative step (a cashless settlement method) and is common when equity awards vest. Such activity reflects award settlement rather than an active market bet by the insider.