Kaled Awada Receives Stock Award at Tenneco Inc (TEN) — SEC Form 4, Nov 21, 2022
SEC Form 4 · No Market Transaction
Stock Award
Compensation grant — no market purchase or sale.
Equity Position
0 sh
55,445 → 0
Equity Change
-100.0%
shares held after vs before
Filing Lag
2 business days
within 2-day SEC deadline
Form 4 · Statement of Changes in Beneficial Ownership
Reporting Owner
| Name | Relationship |
|---|---|
| Kaled Awada CIK 0001751431 |
EVP
|
Kaled Awada at Tenneco Inc
Full insider history
Bought (12 mo)
—
Sold (12 mo)
—
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| 2022-11-02 | Exercise | — | View |
| 2022-03-08 | Exercise | — | View |
| 2022-02-07 | Exercise | — | View |
| 2022-02-03 | Exercise | — | View |
| 2021-11-02 | Exercise | — | View |
Non-Derivative Securities Transactions
| Title | Date | Type | Shares | Price | Net Total | Post-Txn | Ownership |
|---|---|---|---|---|---|---|---|
| Class A Common Stock | 2022-11-03 | G - Gift | 10,075 D | $0.00 | — | 37,571 | Direct |
| Class A Common StockF1F1 | 2022-11-17 | D - Return to Issuer | 37,571 D | $20.00 | -$751,420 | 0 | Direct |
| Class A Common StockF1F1 | 2022-11-17 | D - Return to Issuer | 7,799 D | $20.00 | -$155,980 | 0 | Indirect |
Derivative Securities Transactions
| Title | Strike | Date | Type | Shares | Price | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2F2F2 | 2022-11-17 | D - Return to Issuer | 74,488 D | $20.00 | 74,488 Class A Common Stock | Direct | ||
| Cash-Settled Restricted Stock UnitsF3F3F3 | 2022-11-17 | D - Return to Issuer | 3,794 D | $20.00 | 3,794 Class A Common Stock | Direct | ||
| Cash-Settled Performance Share UnitsF4F4F4 | 2022-11-17 | A - Award/Grant | 168,928 A | $0.00 | 168,928 Class A Common Stock | Direct | ||
| Cash-Settled Performance Share UnitsF5F5F5 | 2022-11-17 | D - Return to Issuer | 168,928 D | $20.00 | 168,928 Class A Common Stock | Direct |
Footnotes (5)
- F1
- Reflects disposition upon completion of the merger (the "Merger") of Pegasus Merger Co. ("Merger Sub"), a wholly owned subsidiary of Pegasus Holdings III, LLC ("Parent"), with and into the Issuer, effective November 17, 2022. Pursuant to the Agreement and Plan of Merger, dated as of February 22, 2022, by and among the Issuer, Parent and Merger Sub (the "Merger Agreement"), upon completion of the Merger, each outstanding share of the Issuer's Class A Common Stock was converted into the right to receive $20.00 per share (the "Merger Consideration") in cash. Show more
- F2
- Reflects disposition of share-settled restricted stock units granted to the Reporting Person pursuant to Rule 16b-3. Pursuant to the Merger Agreement, upon completion of the Merger, each outstanding share-settled restricted stock unit of the Issuer became fully vested and was converted into the right to receive in cash an amount equal to the Merger Consideration multiplied by the number of shares underlying the award (subject to any applicable tax withholding). Show more
- F3
- Reflects disposition of cash-settled restricted stock units granted to the Reporting Person pursuant to Rule 16b-3. Pursuant to the Merger Agreement, upon completion of the Merger, each outstanding cash-settled restricted stock unit of the Issuer became fully vested and was cancelled in exchange for the right to receive in cash an amount equal to the Merger Consideration multiplied by the number of shares underlying the award (subject to any applicable tax withholding). Show more
- F4
- Pursuant to the Merger Agreement, upon completion of the Merger, the outstanding cash-settled performance share units became vested at target level. Show more
- F5
- Pursuant to the Merger Agreement, upon completion of the Merger, the outstanding cash-settled performance share units were cancelled in exchange for the right to receive an amount in cash equal to the Merger Consideration multiplied by the number of shares underlying the award (subject to any applicable tax withholding). Show more
Remarks
*and Chief Human Resources Officer
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