C. Bynoe Peter - Nov 30, 2021 Form 4 Insider Report for COVANTA HOLDING CORP (CVA)

Role
Director
Signature
/s/ Peter C.B. Bynoe
Stock symbol
CVA
Transactions as of
Nov 30, 2021
Transactions value $
$0
Form type
4
Date filed
12/1/2021, 03:19 PM
Previous filing
May 17, 2021
Next filing
Sep 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVA Common Stock, $.10 par value Disposed to Issuer -75.1K -100% 0 Nov 30, 2021 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVA Restricted Stock Units Disposed to Issuer -52.3K -100% 0 Nov 30, 2021 Common Stock, $.10 par value 52.3K Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

C. Bynoe Peter is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the merger agreement between EQT Infrastructure and the Issuer, effective as of the date of the merger these shares of the Issuer's common stock were canceled and converted into the right to receive $20.25 in cash per share (the "Merger Consideration").
F2 The restricted stock units were canceled in the merger and converted into the right to receive a cash payment equal to the product of (i) the total number of shares of the Issuer's common stock underlying the restricted stock units multiplied by (ii) the Merger Consideration.