Akbari Dr. Homaira 4
4 · Santander Consumer USA Holdings Inc. · Filed Feb 2, 2022
Insider Transaction Report
Form 4
Akbari Dr. Homaira
Director
Transactions
- Disposition to Issuer
Common Stock
2022-01-31−5,366→ 0 total
Footnotes (1)
- [F1]Disposed of pursuant to the closing, on January 31, 2022, of the merger ("Merger") whereby Max Merger Sub, Inc. ("Merger Sub") merged with and into the Issuer, pursuant to the Agreement and Plan of Merger, dated August 23, 2021 (the "Merger Agreement"), by and between the Issuer, Santander Holdings USA, Inc. ("Parent") and Merger Sub. Pursuant to the Merger Agreement, each share of Common Stock held by the Reporting Person (other than restricted stock units of the Issuer ("Company RSUs")) was converted into the right to receive $41.50 (the "per share price"), less any required withholding taxes, in the form of American Depositary Shares of Banco Santander ("ADRs"). The number of shares reported includes 1,340 Company RSUs, which will be payable in cash in 2022 when such award was originally scheduled to be settled.