Brett D. Pynnonen - Mar 1, 2022 Form 4 Insider Report for VISTEON CORP (VC)

Role
Senior V.P. & General Counsel
Signature
Heidi A. Sepanik, Secretary, Visteon Corporation on behalf of Brett D. Pynnonen
Stock symbol
VC
Transactions as of
Mar 1, 2022
Transactions value $
-$53,250
Form type
4
Date filed
3/3/2022, 03:45 PM
Previous filing
Feb 17, 2022
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VC Common Stock Options Exercise +1.61K +20.59% 9.45K Mar 1, 2022 Direct F1
transaction VC Common Stock Tax liability -$53.3K -462 -4.89% $115.26 8.98K Mar 1, 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 $0 +2.41K $0.00 2.41K Mar 1, 2022 Common Stock 2.41K Direct F3
transaction VC Restricted Stock Units Award $0 +2.34K $0.00 2.34K Mar 1, 2022 Common Stock 2.34K Direct F4
transaction VC Restricted Stock Units Options Exercise $0 -1.61K -100% $0.00* 0 Mar 1, 2022 Common Stock 1.61K Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on March 1, 2022, and was converted and paid to me in common stock without any election or action on my part. The value of each share was based on the fair market value of Visteon common stock as of March 1, 2022.
F2 These shares were withheld by Visteon to satisfy income tax withholding obligations arising in connection with the vesting of certain Restricted Stock Units. The value of each share was based on the fair market value of Visteon common stock as of March 1, 2022.
F3 Each performance right represents a contingent right to receive one share of Visteon common stock. The vesting of the performance rights is based on relative total shareholder return over a three year performance period and payable in stock, subject to tax withholding.
F4 Restricted Stock Units vest to the extent of 33% of the units granted on the following March 15th of each year after the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in stock upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.