4//SEC Filing
Miles Gretta 4
Accession 0000809248-24-000078
CIK 0000809248other
Filed
May 16, 8:00 PM ET
Accepted
May 17, 12:32 PM ET
Size
14.4 KB
Accession
0000809248-24-000078
Insider Transaction Report
Form 4
Miles Gretta
VP, Controller, Asst Treasurer
Transactions
- Disposition to Issuer
Common Stock, $0.01 par value
2024-05-16−47,690→ 0 total - Disposition to Issuer
Common Stock, $0.01 par value (Restricted Common Stock)
2024-05-16−48,600→ 0 total - Disposition to Issuer
Common Stock, $0.01 par value (2024 Performance Stock Unit)
2024-05-16−9,019→ 0 total - Disposition to Issuer
Employee Stock Option (Right to Buy)
2024-05-16$9.55/sh−25,000$238,750→ 0 totalExercise: $7.12Exp: 2027-08-12→ Common Stock (25,000 underlying) - Award
Performance Stock Unit (2024)
2024-05-16+9,019→ 9,019 totalExercise: $0.00→ Common Stock (9,019 underlying) - Exercise/Conversion
Common Stock, $0.01 par value (2024 Performance Stock Unit)
2024-05-16+9,019→ 9,019 total
Footnotes (4)
- [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 outstanding restricted share of 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.
- [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.
- [F4]This Option was cancelled upon the Closing in exchange for the right to receive a cash payment equal $60,750, representing the difference between the exercise price of the Option and $9.55, multiplied by the number of shares of Common Stock underlying the Option.
Documents
Issuer
CARROLS RESTAURANT GROUP, INC.
CIK 0000809248
Entity typeother
Related Parties
1- filerCIK 0001990085
Filing Metadata
- Form type
- 4
- Filed
- May 16, 8:00 PM ET
- Accepted
- May 17, 12:32 PM ET
- Size
- 14.4 KB