Dalgetty Linda 4
4 · Thermon Group Holdings, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Thermon (THR) Director Linda Dalgetty Sells 34,584 Shares in Merger
What Happened
Linda Dalgetty, a director of Thermon Group Holdings, Inc. (THR), disposed of 34,584 Thermon shares on June 1, 2026. The Form 4 reports the disposition to the issuer (code D) related to Thermon’s merger into CECO Environmental Corp. Per the merger terms, Dalgetty elected the cash consideration of $63.89 per share, implying gross proceeds of about $2,209,572. The Form 4 lists the trade price as N/A because the shares were converted in the merger rather than sold on the open market.
Key Details
- Transaction date: 2026-06-01; Form 4 filed: 2026-06-03 (timely filed).
- Transaction type/code: Disposition to issuer (D) — merger conversion of shares.
- Shares disposed: 34,584; per-footnote cash election: $63.89/share → ~ $2,209,572 gross.
- Shares owned after transaction: not disclosed in the Form 4.
- Relevant footnotes: The sale resulted from the Agreement and Plan of Merger (Feb 23, 2026). Under the Merger Agreement, each Thermon share could be converted into mixed, cash ($63.89), or stock consideration; the reporting person elected cash.
- No 10b5-1, tax-withholding, or late-filing flags noted in the filing.
Context
This was not an open-market sale but a mandatory/contractual conversion of shares into merger consideration. Such dispositions reflect deal mechanics rather than an insider expressing a view by selling on the market; the filing simply documents the exchange of Thermon shares for the elected merger cash payout.
Insider Transaction Report
- Disposition to Issuer
Common Stock
[F1][F2]2026-06-01−34,584→ 0 total
Footnotes (2)
- [F1]Pursuant to the terms of the Agreement and Plan of Merger dated February 23, 2026 (the "Merger Agreement") by and among the Issuer, CECO Environmental Corp ("CECO"), and two wholly-owned merger subsidiaries of CECO (the "Merger Subs"), the Issuer merged with the two Merger Subs to become a wholly-owned subsidiary of CECO (the "Merger").
- [F2]Pursuant to the terms of the Merger Agreement, each share of Issuer common stock (other than excluded and dissenting shares) was converted into the right to receive, at the election of the holder, one of the following forms of merger consideration, subject to proration as described in the Merger Agreement: (i) 0.6840 shares of CECO common stock and $10.00 in cash, without interest (the "mixed consideration"), which is the default election; (ii) $63.89 in cash, without interest (the "cash consideration"); or (iii) 0.8110 shares of CECO common stock (the "stock consideration"). The reporting person elected the cash consideration for their shares of Issuer common stock.