Emerald (EEX) Director Lisa Klinger Sells 130,169 Shares in Merger
$EEX · Emerald Holding, Inc.Research Summary
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Emerald (EEX) Director Lisa Klinger Sells 130,169 Shares in Merger
What Happened
Lisa Klinger, a director of Emerald Holding, Inc. (EEX), disposed of 130,169 shares on July 14, 2026. Per the merger agreement, these shares were cancelled and converted into the right to receive $5.03 in cash per share, for aggregate proceeds of approximately $654,750. This disposition was a result of the issuer being acquired (a corporate merger), not an open-market sale.
Key Details
- Transaction date: July 14, 2026. Transaction code: D (Disposition to issuer).
- Consideration: $5.03 cash per share (Merger Consideration); total ≈ $654,750.07.
- Shares involved: 130,169 total, which included 23,255 restricted stock units (RSUs) that automatically vested and were converted to cash under the merger terms.
- Shares owned after transaction: not disclosed in the filing.
- Filing timeliness: Report filed the same day (no late filing indicated).
- Source details: Transactions occurred pursuant to the Agreement and Plan of Merger dated May 9, 2026; shares were cancelled and converted per the Merger Agreement.
Context
This was a corporate-action disposition tied to Emerald’s merger (Merger Sub merged into the issuer, issuer became a wholly owned subsidiary of the buyer). Such conversions to cash in a merger are routine corporate events and do not necessarily signal insider sentiment about the company’s independent future performance.