4//SEC Filing
Schantz Joseph J II 4
Accession 0000225648-21-000140
CIK 0000225648other
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 4:17 PM ET
Size
10.3 KB
Accession
0000225648-21-000140
Insider Transaction Report
Form 4
Schantz Joseph J II
Chief Accounting Officer
Transactions
- Disposition to Issuer
Common Stock, $.10 par value
2021-11-30−27,549→ 0 total - Disposition to Issuer
Performance Stock Units
2021-11-30−3,574→ 0 total→ Common Stock, $.10 par value (3,574 underlying) - Disposition to Issuer
Performance Stock Units
2021-11-30−3,398→ 0 total→ Common Stock, $.10 par value (3,398 underlying)
Footnotes (3)
- [F1]Pursuant to the merger agreement between EQT Infrastructure and the Issuer, effective as of the date of the merger these shares of the Issuer's common stock were canceled and converted into the right to receive $20.25 in cash per share (the "Merger Consideration").
- [F2]Represents free cash flow per share performance stock units previously granted to the reporting person pursuant to the Issuer's equity compensation plan on March 7, 2019, March 11, 2020 and March 4, 2021. Pursuant to the merger agreement, these performance stock units were canceled and converted into the right to receive an amount in cash equal to the product of (x) the Merger Consideration and (y) the number of shares of the Issuer's common stock issuable pursuant to the performance stock units assuming performance at 142%, 200%, and 200% target levels, respectively.
- [F3]Represents total stockholder return performance stock units previously granted to the reporting person pursuant to the Issuer's equity compensation plan on March 7, 2019, March 11, 2020 and March 4, 2021. Pursuant to the merger agreement, these performance stock units were canceled and converted into the right to receive an amount in cash equal to the product of (x) the Merger Consideration and (y) the number of shares of the Issuer's common stock issuable pursuant to the performance stock units assuming performance at 68%, 108%, and 190% target levels, respectively.
Documents
Issuer
COVANTA HOLDING CORP
CIK 0000225648
Entity typeother
Related Parties
1- filerCIK 0001809011
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 4:17 PM ET
- Size
- 10.3 KB