Nance Jeremy John 4
Research Summary
AI-generated summary
V2X (VVX) SVP/GC Jeremy Nance Exercises RSUs; Tax Withheld
What Happened
- Jeremy John Nance, Senior Vice President and General Counsel of V2X, converted/ exercised derivatives (RSUs) on March 10, 2026 and received a new RSU grant. The filing shows conversion/exercise of 1,354 derivative shares and a grant/award of 5,983 RSUs (reported as acquired at $0). To cover tax withholding, 330 shares were surrendered at $71.85 per share for a withholding value of $23,709. The derivative entries are RSU-related (no cash purchase price reported).
Key Details
- Transaction date: March 10, 2026; Form 4 filed March 12, 2026 (timely).
- Actions reported:
- Code M (exercise/conversion): 1,354 shares converted.
- Code F (tax withholding/payment): 330 shares withheld at $71.85 = $23,709.
- Code A (award/grant): 5,983 RSUs granted (reported at $0).
- Shares owned after transaction: not specified in the provided excerpt of the filing.
- Footnotes:
- F1: Reported RSUs convert 1-for-1 into common stock.
- F2: Some RSUs relate to a March 10, 2023 award that vests in three equal annual installments beginning March 10, 2024.
- F3: The newly awarded RSUs (5,983) vest in three equal annual installments beginning March 10, 2027.
- No indication this was an open-market sale—330 shares were withheld to satisfy tax obligations (company withholding), not a public disposition.
Context
- These transactions are primarily compensation-related: vested/converted RSUs and a new RSU grant. The 330-share withholding is a routine tax-related disposition (common when RSUs vest) rather than a market sell. Such grant/vesting activity is typical executive compensation and should not be read alone as a buy or sell signal.