Myers Colleen Elizabeth 4
Research Summary
AI-generated summary
Visteon (VC) Chief Accounting Officer Colleen Myers Receives Award
What Happened
Colleen Elizabeth Myers, Visteon’s Chief Accounting Officer, received equity awards on 2026-03-01 consisting of 862 performance rights and 862 restricted stock units (RSUs), recorded at $0 in the filing. These are compensation grants (derivative awards), not open-market purchases or sales; the filing shows acquisition of the awards rather than an immediate cash transaction.
Key Details
- Transaction date: 2026-03-01; Form 4 filed: 2026-03-03 (timely filing).
- Reported entries: two acquisitions (code A) of 862 shares each at $0.00 (derivative awards). Total units granted: 1,724.
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes:
- F1 (performance rights): Each right converts to one share subject to relative shareholder return and return on invested capital goals over a three‑year performance period; payout is in stock and subject to tax withholding.
- F2 (RSUs): Vest 33% on each March 15 following the grant until fully vested; units convert into shares upon vesting and are subject to tax withholding.
- Filing timeliness: Form 4 was filed two days after the transaction date (within the usual two-business-day requirement).
Context
These awards are standard executive compensation instruments. Performance rights are contingent on future company performance metrics and are not guaranteed shares until vesting conditions are met; RSUs vest over time. Such grants are routine compensation and do not necessarily signal immediate insider buying or selling.