Sunny Sanyal - Dec 10, 2023 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 10, 2023
Transactions value $
-$230,905
Form type
4
Date filed
12/12/2023, 05:54 PM
Previous filing
Feb 17, 2023
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VREX Common Stock Options Exercise +26.7K +21.38% 151K Dec 10, 2023 Direct F1, F2, F3
transaction VREX Common Stock Tax liability -$231K -11.7K -7.75% $19.69 140K Dec 10, 2023 Direct F4

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 Restricted Stock Units Award $0 +95.2K $0.00 95.2K Dec 10, 2023 Common Stock 95.2K Direct F2, F5
transaction VREX Restricted Stock Units Options Exercise $0 -26.7K -50% $0.00 26.7K Dec 10, 2023 Common Stock 26.7K Direct F2, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On December 10, 2021, the Reporting Person was granted 53,304 Restricted Stock Units, 50% of which vested on December 10, 2023 and 50% of which vest on December 10, 2025.
F2 Each Restricted Stock Unit converts into common stock on a one-for-one basis.
F3 Amount of securities beneficially owned at end of reporting period reflect 1,388 shares purchased under the Varex Imaging Corporation 2017 Employee Stock Purchase Plan.
F4 These shares represent shares withheld for satisfaction of a tax withholding obligation arising as a result of the vesting of the Restricted Stock Units reported herein.
F5 These Restricted Stock Units granted on December 10, 2023 vest 50% on December 10, 2025 and 50% on December 10, 2027. Vested shares will be delivered to the reporting person upon vest date.
F6 These Restricted Stock Units granted on December 10, 2021 vested 50% on December 10, 2023 and 50% on December 10, 2025. Vested shares will be delivered to the reporting person upon vest date.