4//SEC Filing
Santiago Todd M 4
Accession 0000899243-23-008509
CIK 0001713952other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 9:32 PM ET
Size
24.0 KB
Accession
0000899243-23-008509
Insider Transaction Report
Form 4
Santiago Todd M
EVP, GM of Retail
Transactions
- Disposition to Issuer
Class A Common Stock
2023-03-10$12.00/sh−888,873$10,666,476→ 0 total - Disposition to Issuer
Class A Common Stock
2023-03-10$12.00/sh−213,985$2,567,820→ 0 total(indirect: See Footnote) - Disposition to Issuer
Restricted Stock Units
2023-03-10−99,085→ 0 total→ Class A Common Stock (99,085 underlying) - Disposition to Issuer
Restricted Stock Units
2023-03-10−54,506→ 0 total→ Class A Common Stock (54,506 underlying) - Disposition to Issuer
Restricted Stock Units
2023-03-10−349,650→ 0 total→ Class A Common Stock (349,650 underlying) - Disposition to Issuer
Restricted Stock Units
2023-03-10−147,321→ 0 total→ Class A Common Stock (147,321 underlying) - Disposition to Issuer
Restricted Stock Units
2023-03-10−54,506→ 0 total→ Class A Common Stock (54,506 underlying) - Disposition to Issuer
Restricted stock units
2023-03-10−147,321→ 0 total→ Class A Common Stock (147,321 underlying)
Footnotes (10)
- [F1]On March 10, 2023, NRG Energy, Inc. ("NRG") acquired Vivint Smart Home, Inc. (the "Issuer") pursuant to that certain Agreement and Plan of Merger dated as of December 6, 2022 (the "Merger Agreement") by and among the Issuer, NRG and Jetson Merger Sub, Inc., a wholly owned subsidiary of NRG ("Merger Sub"). In accordance with the Merger Agreement, Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer surviving the Merger as a wholly owned subsidiary of NRG. At the effective time of the Merger (the "Effective Time"), each issued and outstanding share of Class A common stock, par value $0.0001 per share, of the Issuer (the "Common Stock") (other than certain excluded shares) automatically converted into the right to receive $12.00 per share in cash, without interest (the "Merger Consideration").
- [F10]Reflects performance-based RSUs previously granted to the Reporting Person, the performance of which was certified on March 1, 2023. Upon certification of the award, the Reporting Person received 49,107 shares of Common Stock of the Issuer (less amounts withheld for tax withholding) and will receive 147,321 shares (or the cash-equivalent thereof) in three equal annual installments beginning on March 1, 2024.
- [F2]Reflects securities held by a trust for the benefit of the Reporting Person's family of which the Reporting Person is a trustee.
- [F3]Each restricted stock unit ("RSU") represented a contingent right to receive one share of Common Stock. The RSUs were to be settled in either Common Stock or cash.
- [F4]Pursuant to the Merger Agreement, unvested RSUs of the Issuer were automatically converted into a number of NRG RSUs calculated as the product of (i) the number of shares underlying such Issuer RSU award and (ii) the ratio of the Merger Consideration divided by the average of the closing sales price of NRGs common stock, par value $0.01 per share for the ten (10) consecutive full trading days ending on the trading day immediately preceding the closing date (the "Exchange Ratio"). Such NRG RSUs will continue to be subject to the same terms and conditions (including vesting and termination treatment) as were applicable to the Issuer RSUs.
- [F5]Reflects an initial grant of 396,341 RSUs. The remaining grant vests on January 17, 2024.
- [F6]Reflects an initial grant of 109,012 RSUs. The remaining grant vests in two equal annual installments beginning on March 1, 2024.
- [F7]Reflects an initial grant of 466,200 RSUs. The remaining grant vests in three equal annual installments beginning on September 1, 2023.
- [F8]Reflects an initial grant of 196,429 RSUs. The remaining grant vests in three equal annual installments beginning on March 1, 2024.
- [F9]Reflects performance-based RSUs previously granted to the Reporting Person, the performance of which was certified on March 1, 2022. Upon certification of the award, the Reporting Person immediately vested and settled into 27,253 shares of Common Stock (less amounts withheld for tax withholding) and 81,759 RSUs that were scheduled to vest in three equal annual installments beginning on March 1, 2023. On March 1, 2023, 27,253 RSUs vested and settled into shares of Common Stock and the remaining grant vests in two equal annual installments beginning on March 1, 2024.
Documents
Issuer
Vivint Smart Home, Inc.
CIK 0001713952
Entity typeother
Related Parties
1- filerCIK 0001798303
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 9:32 PM ET
- Size
- 24.0 KB