Borst Walter G 4
4 · ATLAS AIR WORLDWIDE HOLDINGS INC · Filed Mar 21, 2023
Insider Transaction Report
Form 4
Borst Walter G
Director
Transactions
- Disposition to Issuer
Restricted Stock Units
2023-03-17−1,578→ 0 total→ Common Stock (1,578 underlying)
Footnotes (1)
- [F1]On March 17, 2023 (the "Effective Time"), pursuant to that certain Agreement and Plan of Merger, dated as of August 4, 2022 (the "Merger Agreement"), by and among Atlas Air Worldwide Holdings, Inc. (the "Company"), Rand Parent, LLC, a Delaware limited liability company ("Parent"), and Rand Merger Sub, Inc., a wholly owned subsidiary of Parent ("MergerCo"), MergerCo merged with and into the Company with the Company continuing as the surviving corporation and a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, each outstanding restricted stock unit ("RSU") vested and was canceled in exchange for a cash payment equal to the number of shares of the Company's common stock underlying such RSU immediately prior to the Effective Time multiplied by $102.50, less any applicable withholding for taxes.