4//SEC Filing
Fraass Robert 4
Accession 0001062993-25-012339
CIK 0000089140other
Filed
Jun 30, 8:00 PM ET
Accepted
Jul 1, 5:05 PM ET
Size
10.1 KB
Accession
0001062993-25-012339
Insider Transaction Report
Form 4
Fraass Robert
Chief Financial Officer
Transactions
- Disposition from Tender
Common Stock
2025-07-01−2,047→ 2,260 total - Disposition from Tender
Common Stock
2025-07-01−435.624→ 0 total(indirect: By ESOP) - Disposition to Issuer
Common Stock
2025-07-01−2,260→ 0 total - Tax Payment
Common Stock
2025-07-01−1,302→ 4,307 total
Footnotes (3)
- [F1]On the indicated date, the Reporting Person instructed the Issuer to withhold shares of Common Stock to cover tax withholding obligations upon the vesting of restricted stock as permitted under the Servotronics, Inc. 2022 Equity Incentive Plan.
- [F2]Pursuant to the terms of that certain Agreement and Plan of Merger, dated as of May 18, 2025, by and among Servotronics, Inc., TransDigm Inc. and TDG Rise Merger Sub, Inc., as amended by Amendment No. 1 thereto dated May 28, 2025 (as amended, the "Merger Agreement"), the reported securities were tendered prior to the Expiration Date (as defined in the Merger Agreement) and disposed of at the Acceptance Time (as defined in the Merger Agreement) in exchange for $47.00 per share, payable in cash at closing, without interest and subject to reduction for any applicable withholding of taxes (the "Offer Consideration").
- [F3]Pursuant to the Merger Agreement, each share of the Issuer's Common Stock not previously tendered by the Reporting Person was cancelled and converted into the right to receive an amount in cash equal to the Offer Consideration. The reported securities consists of shares of restricted stock that were previously awarded to the Reporting Person that vested on July 1, 2025 upon a Change in Control (as defined in the Servotronics, Inc. 2022 Equity Incentive Plan).
Issuer
SERVOTRONICS INC /DE/
CIK 0000089140
Entity typeother
Related Parties
1- filerCIK 0001975639
Filing Metadata
- Form type
- 4
- Filed
- Jun 30, 8:00 PM ET
- Accepted
- Jul 1, 5:05 PM ET
- Size
- 10.1 KB