Flitman David E 4
4 · Veritiv Corp · Filed Nov 30, 2023
Insider Transaction Report
Form 4
Veritiv CorpVRTV
Flitman David E
Director
Transactions
- Disposition to Issuer
Phantom Stock
2023-11-30$170.00/sh−30,793$5,234,810→ 0 total→ Common Stock (30,793 underlying)
Footnotes (3)
- [F1]Each dividend equivalent right is the economic equivalent of one share of Common Stock.
- [F2]The dividend equivalent rights accrued on phantom stock previously granted to the reporting person, and are fully vested and non-forfeitable on the grant date and shall be paid to the reporting person in shares of Common Stock on the elected distribution date under the Veritiv Corporation Deferred Compensation Savings Plan, in the case of phantom stock, or within 30 days after the reporting person's termination of service as a director, in the case of deferred stock units.
- [F3]Each outstanding award (i) of deferred stock units of the Company and (ii) phantom stock units of the Company, whether settleable in shares of Common Stock or cash, were canceled, 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 each such award, together with any cash dividends accrued.