LAHEY JOHN L 4
4 · Avangrid, Inc. · Filed Dec 23, 2024
Insider Transaction Report
Form 4
LAHEY JOHN L
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2024-12-23$35.75/sh−71,275$2,548,081→ 0 total→ Common Stock (71,275 underlying) - Disposition to Issuer
Common Stock
2024-12-23$35.75/sh−22,047.73$788,206→ 0 total
Footnotes (2)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 17, 2024, by and among the Issuer, Iberdrola, S.A., and Arizona Merger Sub, Inc., pursuant to which Arizona Merger Sub, Inc. merged with and into the Issuer with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of Iberdrola, S.A. in exchange for $35.75 (the per share merger consideration set forth in the Merger Agreement).
- [F2]Restricted stock units represent restricted shares granted to the reporting person and deferred under Avangrid's Deferred Compensation Plan ("DCP") and were cancelled pursuant to the Merger Agreement in exchange for cash equal to $35.75 multiplied by the number restricted stock units held by the reporting person in the DCP.