Ryan John Patrick 4
4 · Exterran Corp · Filed Oct 13, 2022
Insider Transaction Report
Form 4
Exterran CorpEXTN
Ryan John Patrick
Director
Transactions
- Disposition to Issuer
Phantom Units
2022-10-13−43,281→ 0 total→ Common Stock (43,281 underlying) - Disposition to Issuer
Common Stock
2022-10-13−84,233→ 0 total
Footnotes (2)
- [F1]On January 24, 2022, the Company, Enerflex Ltd., a Canadian corporation ("Sucessor"), and Enerflex US Holdings Inc., a Delaware corporation and a direct wholly-owned subsidiary of Successor entered into a definitive Agreement and Plan of Merger ("Merger Agreement"). Subject to the terms and conditions of the Merger Agreement, each share of common stock of the Company was converted into the right to receive 1.021 Successor common shares.
- [F2]Exterran Corporation (the "Company") made a grant of phantom units under the 2020 Omnibus Incentive Plan (the "Plan") representing payment to the reporting person of retainer and meeting fees. The phantom units become payable in shares of common stock (or cash in lieu of any fractional shares) within 30 days following (i) a deferral date selected by the reporting person, (ii) the reporting person's Separation from Service (as defined in the Plan) for any reason or (iii) the date of a Change of Control (as defined in the Plan) of the Company.