Sachin Lawande - Dec 7, 2022 Form 4 Insider Report for VISTEON CORP (VC)

Role
CEO & President, Director
Signature
Heidi A. Sepanik, Secretary, Visteon Corporation on behalf of Sachin S. Lawande
Stock symbol
VC
Transactions as of
Dec 7, 2022
Transactions value $
-$990,038
Form type
4
Date filed
12/9/2022, 03:31 PM
Previous filing
Mar 17, 2022
Next filing
Feb 17, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VC Common Stock Options Exercise $2.35M +32.3K +17.57% $72.98 216K Dec 7, 2022 Direct
transaction VC Common Stock Tax liability -$3.34M -23.3K -10.81% $143.36 193K Dec 7, 2022 Direct F1

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 Employee stock option (right to buy) Options Exercise $0 -32.3K -100% $0.00* 0 Dec 7, 2022 Common Stock 32.3K $72.98 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects shares withheld by Visteon to satisfy the reporting person's exercise price and income tax withholding obligations arising in connection with the exercise of the option described herein. The value of each share was based on the fair market value of Visteon common stock as of December 7, 2022.
F2 The option is exercisable to the extent of one third of the shares optioned after one year from the date of grant, two-thirds in two years and in full after three years.