Sunny Sanyal - Dec 9, 2022 Form 4 Insider Report for Varex Imaging Corp (VREX)

Role
President and CEO, Director
Signature
/s/ Sunny Sanyal
Stock symbol
VREX
Transactions as of
Dec 9, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 05:15 PM
Previous filing
Feb 17, 2022
Next filing
Feb 17, 2023

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 VREX Non-Qualified Stock Option (right to buy) Award $0 +167K $0.00 167K Dec 9, 2022 Common Stock 167K $22.13 Direct F1
transaction VREX Restricted Stock Units Award $0 +80.8K $0.00 80.8K Dec 9, 2022 Common Stock 80.8K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These Performance Stock Options are subject to a four-year vesting schedule. 25% of the total number of options vest on December 10, 2023, and the remaining options vest monthly thereafter on the 10th day of each month on a pro rata basis.
F2 Each Restricted Stock Unit converts into common stock on a one-for-one basis.
F3 These Restricted Stock Units granted on December 9, 2022 vest 50% on December 10, 2024 and 50% on December 10, 2026. Vested shares will be delivered to the reporting person upon vest date.