4//SEC Filing
Abbate Salvatore A 4
Accession 0001599489-23-000143
CIK 0001599489other
Filed
Nov 29, 7:00 PM ET
Accepted
Nov 30, 12:05 PM ET
Size
10.3 KB
Accession
0001599489-23-000143
Insider Transaction Report
Form 4
Veritiv CorpVRTV
Abbate Salvatore A
SVP, CHIEF COMMERCIAL OFFICER
Transactions
- Disposition to Issuer
Common Stock
2023-11-30$170.00/sh−62,470$10,619,900→ 0 total - Disposition to Issuer
Common Stock
2023-11-30$170.00/sh−62,808$10,677,360→ 0 total - Disposition to Issuer
Performance Share Units
2023-11-30$170.00/sh−39,846$6,773,820→ 0 total→ Common Stock (39,846 underlying)
Footnotes (4)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of August 6, 2023 (as it has been or may be amended, supplemented, waived or otherwise modified in accordance with its terms, the "Merger Agreement") by and among Veritiv Corporation (the "Company"), Verde Purchaser, LLC, a Delaware limited liability company ("Parent") that is affiliated with Clayton, Dubilier & Rice, LLC, and Verde Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent, on November 30, 2023 (the "Effective Time"), each issued and outstanding share of the Company's common stock, par value $0.01 per share ("Common Stock"), was cancelled and converted into the right to receive $170 per share in cash, without interest (the "Merger Consideration").
- [F2]Pursuant to the Merger Agreement, at the Effective Time, each then outstanding award of service-based restricted stock units of the Company (each, a "Company RSU Award"), whether or not vested, and whether settleable in shares of Common Stock or cash, was cancelled, and each holder will receive an amount in cash equal to (i) the Merger Consideration per share of Common Stock multiplied by (ii) the number of shares of Common Stock subject to such Company RSU Award.
- [F3]The performance share units (each, a "Company PSU Award") were eligible to be earned based on achievement of pre-established performance goals during the respective performance period (January 1, 2022 - December 31, 2024, and January 1, 2023 - December 31, 2025).
- [F4]Pursuant to the Merger Agreement, at the Effective Time, each then outstanding Company PSU Award, whether or not vested, and whether settleable in shares of Common Stock or cash, was cancelled, and each holder will receive an amount in cash equal to (i) the Merger Consideration per share of Common Stock multiplied by (ii) the target number of performance share units subject to such Company PSU Award.
Documents
Issuer
Veritiv Corp
CIK 0001599489
Entity typeother
Related Parties
1- filerCIK 0001738093
Filing Metadata
- Form type
- 4
- Filed
- Nov 29, 7:00 PM ET
- Accepted
- Nov 30, 12:05 PM ET
- Size
- 10.3 KB