4//SEC Filing
Baksht Jonathan 4
Accession 0000950170-25-048219
CIK 0001527508other
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 12:13 PM ET
Size
9.0 KB
Accession
0000950170-25-048219
Insider Transaction Report
Form 4
Baksht Jonathan
Chief Financial Officer
Transactions
- Award
Common Stock
2025-04-01+4,397→ 326,609 total - Award
Common Stock
2025-04-01+217,207→ 543,816 total - Disposition to Issuer
Common Stock
2025-04-01−543,816→ 0 total
Footnotes (4)
- [F1]Represents additional shares acquired by the reporting person in connection with the settlement of dividend equivalent rights upon the accelerated vesting of the reporting person's outstanding restricted stock units ("RSUs"), as described below.
- [F2]Represents shares acquired by the reporting person in connection with the accelerated vesting pursuant to the Merger Agreement (as defined below) of 98,651 performance share units ("PSUs") that were granted in 2023, and 74,519 PSUs that were granted in 2024, in each case together with associated dividend equivalent rights. Pursuant to the Merger Agreement and the determination by the Compensation Committee of the Issuer's Board of Directors in relation to achievement of the performance criteria, the 2023 PSUs were converted at 132% of target and the 2024 PSUs were converted at target.
- [F3]On April 1, 2025, pursuant to the Agreement and Plan of Merger dated as of December 9, 2024 (the "Merger Agreement"), by and among the Issuer, Novolex Holdings, LLC (the "Parent") and Alpha Lion Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of the Parent.
- [F4]Pursuant to the Merger Agreement, each share of the Issuer's common stock and each unvested RSU, including any dividend equivalent rights accrued thereon, was canceled and converted into the right to receive $18.00 in cash, without interest.
Documents
Issuer
Pactiv Evergreen Inc.
CIK 0001527508
Entity typeother
Related Parties
1- filerCIK 0001658406
Filing Metadata
- Form type
- 4
- Filed
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 12:13 PM ET
- Size
- 9.0 KB