Billson Margaret S 4
4 · Arconic Corp · Filed Aug 18, 2023
Insider Transaction Report
Form 4
Arconic CorpARNC
Billson Margaret S
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2023-08-18$30.00/sh−5,194$155,820→ 0 total - Disposition to Issuer
Deferred Stock Units
2023-08-18$30.00/sh−25,517$765,510→ 0 total
Footnotes (1)
- [F1]Represents shares of Arconic Corporation ("Arconic") common stock disposed of in connection with the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 4, 2023, by and among Arconic and affiliates of funds managed by Apollo Global Management, Inc. In accordance with the Merger Agreement, at the effective time of the merger contemplated thereby (the "Effective Time"), each share of Arconic common stock held by the reporting person was converted into the right to receive $30.00 in cash (the "Merger Consideration"). In accordance with the Merger Agreement, at the Effective Time, each (a) restricted stock unit award, other than performance-based restricted stock units, and (b) deferred stock unit award under the Arconic Corporation Amended and Restated 2020 Deferred Fee Plan for Directors was cashed out based on the Merger Consideration.