Kristin Trecker, Visteon Corporation's Senior Vice President & CHRO, recently acquired 80 shares of the company. The buys took place at prices ranging from $0.00 to $63.25 per share, on May 07, 2019. Trecker now owns 80 shares of the company. Trecker 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 May 7, 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 May 7, 2019.
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 May 7, 2019.
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 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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