Garcia Rodriguez Roberto 4
4 · TRIPLE-S MANAGEMENT CORP · Filed Feb 3, 2022
Insider Transaction Report
Form 4
Garcia Rodriguez Roberto
VP and General Counsel
Transactions
- Award
Common Stock
2022-02-01+233,936→ 659,766 total - Disposition to Issuer
Common Stock
2022-02-01$36.00/sh−659,766$23,751,576→ 0 total
Footnotes (3)
- [F1]Shares represent common stock earned pursuant to the grant of Performance Shares. Pursuant to the Merger Agreement between Triple-S Management Corporation (the "Issuer"), GuideWell Mutual Holding Corporation and GuideWell Merger, Inc. dated August 23, 2021 (the "Merger Agreement"), such Performance Shares were granted based on a performance metric agreed to by the parties in the Merger Agreement. The Performance Shares resulting in the right to receive such shares of Common Stock do not constitute derivative securities. As a result, such Performance Shares were not required to be reported and were not reported on a Form 4 at the time of the award.
- [F2]The amount of securities beneficially owned reported in Column 4 includes certain restricted stock that was accelerated and vested in accordance with the terms of the Merger Agreement. In addition, the amount of securities owned reported in Column 4 includes 2,150 additional shares which reflect the correction of a mathematical error in prior filings.
- [F3]Pursuant to the terms of the Merger Agreeent, all issued and outstanding shares of the Issuer were acquired at $36 per share.