4//SEC Filing
Woodall Robert L. 4
Accession 0001140361-23-040452
CIK 0001790982other
Filed
Aug 17, 8:00 PM ET
Accepted
Aug 18, 1:02 PM ET
Size
11.1 KB
Accession
0001140361-23-040452
Insider Transaction Report
Form 4
Arconic CorpARNC
Woodall Robert L.
Executive Vice President
Transactions
- Disposition to Issuer
Common Stock
2023-08-18$30.00/sh−12,482$374,460→ 0 total - Disposition to Issuer
Restricted Stock Units
2023-08-18$30.00/sh−32,371$971,130→ 0 total - Disposition to Issuer
Performance-Based Restricted Stock Units
2023-08-18$30.00/sh−32,371$971,130→ 0 total - Disposition to Issuer
Stock Options (right to buy)
2023-08-18$30.00/sh−6,186$185,580→ 0 totalExercise: $32.73Exp: 2025-01-20→ Common Stock (6,186 underlying)
Footnotes (3)
- [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").
- [F2]In accordance with the Merger Agreement, at the Effective Time, each (a) restricted stock unit award, other than performance-based restricted stock units ("PRSU Awards"), and (b) deferred stock unit award under the Arconic Corp. Deferred Compensation Plan was cashed out based on the Merger Consideration. Each PRSU Award became fully vested with respect to a number of shares equal to: (x) for each such award granted in 2021, 42.9% of the target number of shares covered by the award, (y) for each such award granted in 2022, 66.3% of the target number of shares covered by the award and (z) for each such award granted in 2023, the target number of shares covered by such award. To the extent that a PRSU Award became vested, the PRSU Award was cashed out based on the Merger Consideration.
- [F3]In accordance with the Merger Agreement, at the Effective Time, each stock option ("Option") was cashed out based on the Merger Consideration, less the exercise price for each such Option.
Documents
Issuer
Arconic Corp
CIK 0001790982
Entity typeother
Related Parties
1- filerCIK 0001941900
Filing Metadata
- Form type
- 4
- Filed
- Aug 17, 8:00 PM ET
- Accepted
- Aug 18, 1:02 PM ET
- Size
- 11.1 KB