Heffron Timothy J. 4

Accession 0001113256-20-000135

CIK 0001113256other

View on SEC.gov Company Profile

Filed

Dec 2, 7:00 PM ET

Accepted

Dec 3, 5:22 PM ET

Size

21.6 KB

Accession

0001113256-20-000135

Insider Transaction Report

Form 4

Period: 2020-12-01

MERITOR, INC.MTOR

Heffron Timothy J.

VP, HR & CIO

Transactions

Sale
Common Stock
2020-12-02$26.67/sh−3,954$105,449→ 37,226 total
Award
Restricted Share Units
2020-12-01+9,934→ 9,934 total
Exercise: $0.00→ Common Stock (9,934 underlying)
Sale
Common Stock
2020-12-03$27.55/sh−5,485$151,112→ 31,741 total
Exercise/Conversion
Restricted Share Units
2020-12-01−9,439→ 0 total
Exercise: $0.00→ Common Stock (9,439 underlying)
Exercise/Conversion
Common Stock
2020-12-01+9,439→ 41,180 total

Holdings

Restricted Share Units
Exercise: $0.00→ Common Stock (22,163 underlying)
22,163
Restricted Share Units
Exercise: $0.00→ Common Stock (16,000 underlying)
16,000
Common Stock
(indirect: Meritor Savings Plan)
11,555
Restricted Share Units
Exercise: $0.00→ Common Stock (10,614 underlying)
10,614

Footnotes (8)

[F1]Reflects vesting of Restricted Share Units ("RSUs") on December 1, 2020.
[F2]The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of RSUs.
[F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $26.55 to $27.19, inclusive. The reporting person undertakes to provide to Meritor, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
[F4]Shares purchased periodically and held in 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 December 1, 2020.
[F5]Acquisition of RSUs as equity compensation. The date of grant of the RSUs was December 1, 2020. 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 February 3, 2020. 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.
[F7]The date of grant of the RSUs was December 1, 2019. 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.
[F8]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.

Documents

2 files

Issuer

MERITOR, INC.

CIK 0001113256

→

Entity typeother

Related Parties

filerCIK 0001641701

Filing Metadata

Form type: 4
Filed: Dec 2, 7:00 PM ET
Accepted: Dec 3, 5:22 PM ET
Size: 21.6 KB

View on SEC.gov