Jeffrey Ehrich - Nov 27, 2024 Form 4 Insider Report for Vista Outdoor Inc. (VSTO)

Signature
/s/ Jeffrey Ehrich
Stock symbol
VSTO
Transactions as of
Nov 27, 2024
Transactions value $
$0
Form type
4
Date filed
11/27/2024, 02:56 PM
Previous filing
Nov 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VSTO Common Stock Disposed to Issuer -44.9K -100% 0 Nov 27, 2024 Direct F1, F2, F3

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 VSTO Performance Stock Units Award +8.54K 8.54K Nov 27, 2024 Common Stock 8.54K Direct F4
transaction VSTO Performance Stock Units Disposed to Issuer -8.54K -100% 0 Nov 27, 2024 Common Stock 8.54K Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 On November 27, 2024 (the "Closing Date"), pursuant to that certain Agreement and Plan of Merger, dated as of October 15, 2023 (as amended, the "Merger Agreement"), among the Issuer, Revelyst, Inc. ("Revelyst"), CSG Elevate II Inc., CSG Elevate III Inc., and, solely for the purposes of specific provisions therein, CZECHOSLOVAK GROUP a.s., each share of the Issuer's common stock ("Common Stock") (other than (a) any such shares of Common Stock held by the Issuer, its subsidiaries or CSG Elevate II Inc. and (b) any Appraisal Shares (as defined in the Merger Agreement)) was converted into the right to receive (i) one fully paid and non-assessable share of common stock, par value $0.01 per share, of Revelyst and (ii) $25.75 in cash.
F2 Includes restricted stock units subject to certain vesting periods and other restrictions under the Issuer's 2020 Stock Incentive Plan.
F3 Pursuant to the Merger Agreement, each restricted stock unit ("RSU") either (a) vested and was canceled in exchange for a lump-sum cash payment, without interest, equal to the Issuer's stock price immediately prior to the Effective Time (as defined in the Merger Agreement) (the "Pre-Closing Stock Price"), less any applicable withholding for taxes or (b) was canceled and converted into a time-based restricted cash award representing the right to receive an amount in cash, without interest, equal to the product of (i) the number of shares of Common Stock subject to such RSU as of immediately prior to the Effective Time and (ii) the Pre-Closing Stock Price.
F4 Pursuant to the Merger Agreement, each performance stock unit ("PSU") either (a) vested and was canceled in exchange for a lump-sum cash payment, without interest, equal to the Pre-Closing Stock Price, less any applicable withholding for taxes or (b) was canceled and converted into a time-based restricted cash award representing the right to receive an amount in cash, without interest, equal to the product of (i) the number of shares of Common Stock subject to such PSU as of immediately prior to the Effective Time and (ii) the Pre-Closing Stock Price, in all cases, with performance conditioned deemed achieved as of the Effective Time as 100% of target performance.