Markus J Schupfner, Visteon Corporation's Senior Vice President, recently acquired 109 shares of the company. The buys took place at prices ranging from $0.00 to $70.29 per share, on April 01, 2019. Schupfner now owns 1,116 shares of the company. Schupfner operates out of Van Buren Township, MI. Some additional info was provided as follows:
Each Restricted Stock Unit, which is the economic equivalent of one share of Visteon common stock, automatically vested on April 1, 2019 and was converted and paid to me in common stock without any election or action on my part. The value of each unit was based on the fair market value of Visteon common stock as of April 1, 2019.
These shares were withheld by Visteon to satisfy income tax withholding obligations arising in connec
tion 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 April 1, 2019.
Restricted Stock Units vest to the extent of 33% of the units granted each year following the first annivesary of the date of grant until the third anniverary of the date of grant. Each Restricted Stock Unit will be converted and distributed to me, without payment, in cash upon vesting and based upon the then current market value of a share of Visteon common stock, subject to tax withholding.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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