Heffron Timothy J. 4
4 · MERITOR, INC. · Filed Nov 8, 2019
Insider Transaction Report
Form 4
MERITOR, INC.MTOR
Heffron Timothy J.
VP, HR & CIO
Transactions
- Award
Restricted Share Units
2019-11-06+5,058→ 5,058 totalExercise: $0.00→ Common Stock (5,058 underlying)
Holdings
- 9,439
Restricted Share Units
Exercise: $0.00→ Common Stock (9,439 underlying) - 39,854
Restricted Share Units
Exercise: $0.00→ Common Stock (39,854 underlying) - 11,555(indirect: Meritor Savings Plan)
Common Stock
- 16,000
Restricted Share Units
Exercise: $0.00→ Common Stock (16,000 underlying) - 31,741
Common Stock
- 18,324
Restricted Share Units
Exercise: $0.00→ Common Stock (18,324 underlying)
Footnotes (6)
- [F1]Shares purchased periodically and held in Meritor, Inc. (the "Company") common stock funds in an employee benefit trust fund established under the Meritor, Inc. Savings Plan, based on information furnished by the plan administrator as of November 6, 2019.
- [F2]Acquisition of Restricted Share Units ("RSUs") as equity compensation following satisfaction of the performance criteria applicable thereto. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of December 1, 2019 or upon termination of employment with the Company under certain circumstances.
- [F3]The date of the acquisition of the RSUs was September 26, 2019 following satisfaction of the performance criteria applicable thereto. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of December 1, 2019 or upon termination of employment with the Company under certain circumstances.
- [F4]The date of grant of the RSUs was December 1, 2018. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
- [F5]The date of grant of the RSUs was December 1, 2017. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
- [F6]The date of grant of the RSUs was December 1, 2016. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.