4//SEC Filing
McQuillan Gary 4
Accession 0000809248-24-000064
CIK 0000809248other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 12:19 PM ET
Size
15.7 KB
Accession
0000809248-24-000064
Insider Transaction Report
Form 4
McQuillan Gary
VP, Strategic Procurement
Transactions
- Exercise/Conversion
Common Stock, $0.01 par value (2023 Performance Stock Unit)
2024-05-16+12,058→ 12,058 total - Disposition to Issuer
Common Stock, $0.01 par value (2023 Performance Stock Unit)
2024-05-16−12,058→ 0 total - Disposition to Issuer
Common Stock, $0.01 par value (2024 Performance Stock Unit)
2024-05-16−8,017→ 0 total - Award
Performance Stock Unit (2024)
2024-05-16+8,017→ 8,017 totalExercise: $0.00→ Common Stock (8,017 underlying) - Disposition to Issuer
Common Stock, $0.01 par value (Restricted Common Stock)
2024-05-16−14,000→ 0 total - Exercise/Conversion
Common Stock, $0.01 par value (2024 Performance Stock Unit)
2024-05-16+8,017→ 8,017 total - Award
Performance Stock Unit (2023)
2024-05-16+12,058→ 12,058 totalExercise: $0.00→ Common Stock (12,058 underlying)
Footnotes (3)
- [F1]On May 16, 2024, Carrols Restaurant Group, Inc. (the "Company") consummated the transactions contemplated by that certain Agreement and Plan of Merger, dated as of January 16, 2024 (the "Merger Agreement"), by and among the Company, Restaurant Brands International Inc. and BK Cheshire Corp. (the "Closing"). Upon the Closing, each outstanding share of common stock, par value $0.01 per share, of the Company ("Common Stock") was cancelled and converted into the right to receive $9.55 in cash, without interest thereon, under the terms and subject to the conditions set forth in the Merger Agreement.
- [F2]Upon the Closing, each performance stock unit granted in 2023 (and any dividend equivalent units accrued thereon) vested assuming maximum level performance of the applicable performance goals and was cancelled and converted into the right to receive $9.55 in cash, without interest thereon, under the terms and subject to the conditions set forth in the Merger Agreement.
- [F3]Upon the Closing, each performance stock unit granted in 2024 (and any dividend equivalent units accrued thereon) vested assuming target level performance of the applicable performance goals and was cancelled and converted into the right to receive $9.55 in cash, without interest thereon, under the terms and subject to the conditions set forth in the Merger Agreement.
Documents
Issuer
CARROLS RESTAURANT GROUP, INC.
CIK 0000809248
Entity typeother
Related Parties
1- filerCIK 0001978601
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 12:19 PM ET
- Size
- 15.7 KB