4//SEC Filing
Hussain Abbas 4
Accession 0001104659-25-073798
CIK 0001567892other
Filed
Aug 3, 8:00 PM ET
Accepted
Aug 4, 8:53 PM ET
Size
14.6 KB
Accession
0001104659-25-073798
Insider Transaction Report
Form 4
Mallinckrodt plcNONE
Hussain Abbas
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2025-07-31−9,850→ 12,036 total→ Ordinary Shares (9,850 underlying) - Exercise/Conversion
Restricted Stock Units
2025-07-31−12,036→ 0 total→ Ordinary Shares (12,036 underlying) - Exercise/Conversion
Ordinary Shares
2025-07-31+12,036→ 13,216 total - Tax Payment
Ordinary Shares
2025-07-31−3,433→ 9,783 total - Award
Restricted Stock Units
2025-07-31+16,414→ 21,886 total→ Ordinary Shares (16,414 underlying)
Footnotes (5)
- [F1]On July 31, 2025, pursuant to the Transaction Agreement, dated as of March 13, 2025 (as amended, the "Transaction Agreement"), by and among Mallinckrodt plc (the "Issuer"), Endo, Inc. ("Endo") and Salvare Merger Sub LLC, the Issuer's wholly owned subsidiary ("Merger Sub"), the Merger Sub merged with and into Endo (the "Business Combination"), with Endo surviving the Business Combination as a wholly owned subsidiary of the Issuer. Upon the reporting person's resignation as a director of the Issuer, effective as of immediately following the Merger Effective Time (as defined in the Transaction Agreement), each restricted unit (the "RSU") held by the reporting person automatically settled in ordinary shares of the Issuer at one share per RSU.
- [F2]The number of ordinary shares withheld to satisfy tax withholding obligations arising out of the vesting of RSUs is based on a percentage and did not take into account any market value as the Issuer's ordinary shares are not listed or quoted on a recognized trading market.
- [F3]Upon consummation of the Business Combination, each performance unit ("PSU") held by the reporting person automatically converted into an RSU.
- [F4]The reporting person entered into an agreement with the Issuer pursuant to which the reporting person forfeited the right to receive 9,850 RSUs that would otherwise have vested in exchange for a payment from the Issuer to facilitate the reporting person's ability to satisfy certain tax obligations related to the RSUs scheduled to vest.
- [F5]The number of RSUs forfeited is based on a percentage.
Documents
Issuer
Mallinckrodt plc
CIK 0001567892
Entity typeother
Related Parties
1- filerCIK 0001821956
Filing Metadata
- Form type
- 4
- Filed
- Aug 3, 8:00 PM ET
- Accepted
- Aug 4, 8:53 PM ET
- Size
- 14.6 KB