Luke M. Scrivanich, SVP General Manager OSP of VIAVI Solutions Inc. (NASDAQ:VIAV), filed a Form 4 on September 23, 2026, disclosing the vesting of three tranches of market-leveraged stock units and related tax-withholding share disposals on September 22, 2026.

Key Highlights

  • Three MSU tranches vested: Scrivanich acquired 20,455, 29,761, and 22,804 shares of common stock through Market Stock Unit conversions, each at $0 per share, on September 22, 2026.
  • Tax withholding disposals: The company retained 10,408, 15,143, and 11,603 shares at $36.4 per share to satisfy tax withholding obligations associated with each respective vesting installment.
  • All three grants vested at 150.00% of target based on total stockholder return during the applicable performance periods as stated in each grant agreement.
  • Grant dates spanned three years: The tranches relate to grants made on August 28, 2023 (3rd tranche), August 28, 2024 (2nd tranche), and August 28, 2025 (1st tranche).
  • Resulting ownership: Following all reported transactions, Scrivanich directly and beneficially owned 75,464 shares of common stock, with remaining MSUs of 19,841 and 30,408 units still outstanding.

Scrivanich MSU Vestings and Tax-Withholding Details for VIAVI Solutions

According to the filing, Luke M. Scrivanich, serving as SVP General Manager OSP at VIAVI Solutions Inc., reported six transactions on September 22, 2026, all conducted under transaction codes M (conversion of derivative security) and F (shares disposed of to the issuer for tax withholding). The filing states that each Market Stock Unit converts upon vesting into one share of common stock at a conversion price of $0.

The first tranche involved the vesting of 20,455 shares from the 3rd installment of a market-leveraged stock unit award granted on August 28, 2023. Following that acquisition, 10,408 shares were retained by the company at $36.4 per share to cover tax withholding, leaving Scrivanich with 49,645 directly held shares at that point. The second tranche converted 29,761 shares from the 2nd installment of an award granted on August 28, 2024, with 15,143 shares withheld at $36.4, bringing the running total to 64,263 shares. The third tranche added 22,804 shares from the 1st installment of an award granted on August 28, 2025, with 11,603 shares withheld at $36.4, resulting in a final direct ownership figure of 75,464 shares.

The filing notes that all three MSU grants vested "at 150.00% of target based on our total stockholder return during the performance periods as stated on the grant agreement." The filing also states that the shares retained by the company "was not in excess of the amount of the tax liability." No expiration dates apply to the MSUs, per the filing. Remaining outstanding MSU balances are reported as 19,841 units and 30,408 units, held directly.

What Was Disclosed

The Form 4 filed September 23, 2026, by VIAVI Solutions SVP Luke M. Scrivanich disclosed the vesting of three market-leveraged stock unit tranches totaling 73,020 shares and the company's withholding of 37,154 shares at $36.4 each for tax obligations, resulting in direct ownership of 75,464 shares.