4//SEC Filing
LACHMAN TODD R 4
Accession 0001415889-24-007945
CIK 0001856608other
Filed
Mar 13, 8:00 PM ET
Accepted
Mar 14, 3:15 PM ET
Size
13.5 KB
Accession
0001415889-24-007945
Insider Transaction Report
Form 4
LACHMAN TODD R
DirectorPresident and CEO
Transactions
- Award
Common Stock
2024-03-12+513,010→ 2,550,614 total - Disposition to Issuer
Common Stock
2024-03-12−1,161,665→ 0 total - Disposition to Issuer
Common Stock
2024-03-12−6,954→ 327,874 total(indirect: By Trust) - Disposition to Issuer
Common Stock
2024-03-12−83,814→ 2,466,800 total - Disposition to Issuer
Common Stock
2024-03-12−1,305,135→ 1,161,665 total - Disposition to Issuer
Common Stock
2024-03-12−327,874→ 0 total(indirect: By Trust)
Footnotes (5)
- [F1]Represents relative total shareholder return (rTSR) performance-based restricted stock units for which performance achievement was certified in connection with the Merger as defined in footnote 2. Numbers reported reflect such certified performance.
- [F2]Disposed of in connection with the acquisition of the Issuer (the "Merger") by Campbell Soup Company ("Campbell's") pursuant to the Agreement and Plan of Merger, dated August 7, 2023 (the "Merger Agreement"), among Campbell's, Premium Products Merger Sub, Inc., and the Issuer.
- [F3]Shares of Issuer restricted common stock were forfeited pursuant to the terms of the applicable award agreements.
- [F4]Shares of the Issuer common stock were cancelled and converted into the right to receive an amount in cash of $23.00 per share pursuant to the Merger Agreement.
- [F5]Restricted stock units and certified rTSR performance-based restricted units previously granted to the Reporting Person by the Issuer were cancelled and converted into Campbell's restricted stock units in respect of Campbell's common stock at an exchange ratio of 0.5374 with the same vesting terms as the original grant pursuant to the Merger Agreement.
Documents
Issuer
Sovos Brands, Inc.
CIK 0001856608
Entity typeother
Related Parties
1- filerCIK 0001243126
Filing Metadata
- Form type
- 4
- Filed
- Mar 13, 8:00 PM ET
- Accepted
- Mar 14, 3:15 PM ET
- Size
- 13.5 KB