Brett D. Pynnonen - Mar 7, 2022 Form 4 Insider Report for VISTEON CORP (VC)

Signature
Heidi A. Sepanik, Secretary, Visteon Corporation on behalf of Brett D. Pynnonen
Stock symbol
VC
Transactions as of
Mar 7, 2022
Transactions value $
-$12,979
Form type
4
Date filed
3/9/2022, 03:38 PM
Previous filing
Mar 3, 2022
Next filing
Mar 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VC Common Stock Options Exercise +444 +4.94% 9.43K Mar 7, 2022 Direct F1
transaction VC Common Stock Tax liability -$13K -127 -1.35% $102.20 9.3K Mar 7, 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 Restricted Stock Units Options Exercise -444 -100% 0 Mar 7, 2022 Common Stock 444 Direct F1, F3
* 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 7, 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 7, 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 7, 2022.
F3 Restricted Stock Units vest to the extent of 33% of the units granted each year following the first anniversary of the date of grant until the third anniversary of the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in stock at the election of Visteon, upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.