Hawes Frances Powell 4
4 · PGT Innovations, Inc. · Filed Mar 28, 2024
Insider Transaction Report
Form 4
Hawes Frances Powell
Director
Transactions
- Disposition to Issuer
PGTI Common Stock
2024-03-28$42.00/sh−15,157$636,594→ 0 total - Disposition to Issuer
PGTI Restricted Stock Unit
2024-03-28$42.00/sh−9,104$382,368→ 0 totalExercise: $0.00→ PGTI Common Stock (9,104 underlying)
Footnotes (3)
- [F1]On March 28, 2024, the Company was acquired by MIWD Holding Company LLC pursuant to the merger agreement entered into by and between the Company, MIWD Holding Company LLC, and RMR Merge Co, Inc., dated as of January 16, 2024.
- [F2]Upon the consummation of the merger, each issued and outstanding share of the Company's common stock was canceled and converted into the right receive $42.00 in cash without interest. In addition, each share of restricted stock and each restricted stock unit that were granted under the Company's Amended and Restated 2019 Equity and Incentive Compensation Plan that were outstanding immediately prior to the consummation of the merger were canceled and converted into the right to receive $42.00 in cash without interest.
- [F3]Represents restricted stock units that were granted under the Amended and Restated 2019 Equity and Incentive Compensation Plan and deferred pursuant to a separate deferral election agreement between the Company and the reporting person. Pursuant to the merger agreement, these restricted stock units were canceled and converted into the right to receive $42.00 in cash without interest upon the consummation of the merger.