Sachin Lawande - Feb 15, 2022 Form 4 Insider Report for VISTEON CORP (VC)

Signature
Heidi A. Sepanik, Secretary, Visteon Corporation, on behalf of Sachin S. Lawande
Stock symbol
VC
Transactions as of
Feb 15, 2022
Transactions value $
-$2,035,147
Form type
4
Date filed
2/17/2022, 03:50 PM
Next filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VC Common Stock Options Exercise +48.7K +33.88% 193K Feb 15, 2022 Direct F1
transaction VC Common Stock Tax liability -$2.04M -19.8K -10.29% $102.78 173K Feb 15, 2022 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VC Performance Rights Award -22.6K -31.72% 48.7K Feb 15, 2022 Common Stock 22.6K Direct F3, F4
transaction VC Performance Rights Options Exercise -48.7K -100% 0 Feb 15, 2022 Common Stock 48.7K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance right, which is the economic equivalent of one share of Visteon common stock, was converted and paid to me in common stock without any election or action on my part pursuant to the Performance Share Unit award made to me in 2019.
F2 The shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Performance Rights.
F3 Each Performance Right represents a contingent right to receive one share of Visteon common stock. The Performance Rights vested based on relative total shareholder return over a three year performance period ending on December 31, 2021 and were paid in stock at the election of the Company.
F4 Additional Performance Rights were received because the performance criteria during the three year performance period was exceeded.