Clark Jon W. 4
4 · INDUS REALTY TRUST, INC. · Filed Jun 29, 2023
Insider Transaction Report
Form 4
Clark Jon W.
Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2023-06-29−1,000→ 0 total - Disposition to Issuer
Restricted Stock Units
2023-06-29−1,786→ 0 total→ Common Stock (1,786 underlying) - Disposition to Issuer
Performance Stock Units
2023-06-29−3,032→ 0 total→ Common Stock (3,032 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated February 22, 2023, by and among the Issuer, IR Parent, LLC ("Parent") and IR Merger Sub II, Inc., the Issuer became a subsidiary of Parent upon consummation of the merger (the "Effective Time"). At the Effective Time, each of the outstanding shares of common stock was cancelled and converted into the right to receive $67 in cash (the "Merger Consideration"), without interest.
- [F2]In addition, immediately prior to the Effective Time, each of the (a) outstanding unexercised stock options was cancelled and converted into the right to receive an amount in cash, without interest, equal to the product of (i) the number of shares of common stock underlying such stock option immediately prior to the Effective Time and (ii) the Merger Consideration less the per share exercise price of such stock option, (b) outstanding restricted stock units ("RSUs") was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of common stock underlying such RSU immediately prior to the Effective Time and (ii) the Merger Consideration, and (c) outstanding performance-based RSUs ("PSUs") was cancelled and converted into the right to receive an amount in cash equal to the product of (i) the number of shares of common stock underlying such PSU and (ii) the Merger Consideration.