Mullins Jeffery T 4
4 · HireRight Holdings Corp · Filed Jun 28, 2024
Insider Transaction Report
Form 4
Mullins Jeffery T
Chief Technology Officer
Transactions
- Disposition to Issuer
Restricted Stock Unit (RSU)
2024-06-28−52,966→ 0 total→ Common Stock (52,966 underlying)
Footnotes (2)
- [F1]Each Company restricted stock unit ("Company RSUs") represented a contingent right to receive one share of common stock of the Company ("Share") upon vesting of the Company RSU.
- [F2]This Form 4 reports securities disposed of under the Agreement and Plan of Merger (the "Merger Agreement"), dated February 15, 2024, among HireRight Holdings Corporation (the "Company"), Hearts Parent, LLC and Hearts Merger Sub, Inc. ("Merger Sub"), under which Merger Sub was merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation in the Merger. Under the Merger Agreement, at the effective time of the Merger, each Company RSU reported in this Form 4 was converted into the right to receive a cash-based award in an amount equal in value to the product of (A) the total number of Shares subject to such Company RSU multiplied by (B) $14.35 in cash which represents the Merger consideration, which cash-based award remains subject to the same vesting conditions as the corresponding Company RSU.