Jeffrey T. Jackson - Mar 28, 2024 Form 4 Insider Report for PGT Innovations, Inc. (PGTI)

Signature
/s/ Ryan S. Quinn, as attorney-in-fact for Jeffrey T. Jackson
Stock symbol
PGTI
Transactions as of
Mar 28, 2024
Transactions value $
-$28,282,506
Form type
4
Date filed
3/28/2024, 06:17 PM
Previous filing
Mar 25, 2024
Next filing
Apr 1, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PGTI PGTI Common Stock Disposed to Issuer -$28.3M -673K -100% $42.00 0 Mar 28, 2024 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Jeffrey T. Jackson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On March 28, 2024, the Company was acquired by MIWD Holding Company LLC pursuant to the merger agreement entered into by and between the Company, MIWD Holding Company LLC, and RMR Merge Co, Inc., dated as of January 16, 2024.
F2 Upon the consummation of the merger, each issued and outstanding share of the Company's common stock was canceled and converted into the right receive $42.00 in cash without interest. In addition, each share of restricted stock and each restricted stock unit that were granted under the Company's Amended and Restated 2019 Equity and Incentive Compensation Plan, other than the Interim Awards described below, that were outstanding immediately prior to the consummation of the merger were canceled and converted into the right to receive $42.00 in cash without interest.
F3 Includes 77,746 shares of restricted stock that will be settled in cash upon vesting in three equal installments on February 19, 2025, February 19, 2026, and February 19, 2027, subject to the terms of the grant agreement between the Company and the reporting person (the "Interim Awards").