Kim Seungkyung 4

What Happened

• Kim Seungkyung, Senior Vice President of Visteon Corporation (VC), had Restricted Stock Units (RSUs) automatically vest on March 15, 2026. A total of 1,390 RSU shares were converted into common stock. To satisfy income tax withholding, 401 of those shares were withheld (disposed), producing proceeds of about $35,728. The insider received 989 net shares after withholding. Six of the issued shares reflect dividend equivalents.

Key Details

• Transaction dates: primary conversion on 2026-03-15; an additional withholding-related disposition on 2026-03-16 (3 shares).
• Shares converted (issued): 247 + 371 + 772 = 1,390 shares.
• Shares withheld/Disposed for taxes: 71 + 106 + 221 + 3 = 401 shares; reported withholding proceeds ≈ $35,728 (most at $89.09/share; 3 shares at $90.06).
• Net shares received by insider: 1,390 − 401 = 989 shares.
• Footnotes: F1–F4 state (a) the RSUs automatically vested and converted to stock, (b) withholding was used to satisfy income tax obligations, (c) 6 shares are dividend equivalents, and (d) the vesting schedule is 33% each March 15 after grant. Share values were based on fair market value as of Mar 13, 2026 (and Mar 16, 2026 for dividend-equivalent withholding).
• Filing timeliness: Form 4 was filed on 2026-03-17 for transactions on 2026-03-15; filing appears to be within the required two business days.

Context

• This was not an open-market sale or purchase: it was the routine vesting and conversion of RSUs with shares withheld to cover tax obligations (a common "cashless" settlement method). Such compensation-driven transactions are typically considered routine and do not necessarily indicate the insider's view on the company’s stock. The filing does not report total post-transaction ownership on the Form 4 summary provided.