Douglas Owenby - Dec 16, 2024 Form 4 Insider Report for Pactiv Evergreen Inc. (PTVE)

Signature
/s/ Tyler T. Rosenbaum, Assistant Secretary, by Power of Attorney.
Stock symbol
PTVE
Transactions as of
Dec 16, 2024
Transactions value $
-$1,021,014
Form type
4
Date filed
12/18/2024, 11:29 AM
Previous filing
Mar 8, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTVE Common Stock Award $0 +3.12K +1.7% $0.00 186K Dec 16, 2024 Direct F1
transaction PTVE Common Stock Award $0 +94K +50.39% $0.00 280K Dec 16, 2024 Direct F2
transaction PTVE Common Stock Tax liability -$1.02M -59K -21.02% $17.32 221K Dec 16, 2024 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents additional shares acquired by the reporting person in connection with the settlement of dividend equivalent rights upon the vesting of 40,478 restricted stock units that were otherwise scheduled to vest on March 2, 2025 but that were accelerated into 2024.
F2 Represents shares acquired by the reporting person in connection with the vesting and settlement of 42,015 performance share units that were granted in 2022, together with associated dividend equivalent rights, that were otherwise scheduled to vest on March 2, 2025, but that were accelerated into 2024. Pursuant to the Agreement and Plan of Merger, dated as of December 9, 2024, by and among the Issuer, Novolex Holdings, LLC and Alpha Lion Sub, Inc., and the determination by the Compensation Committee of the Issuer's Board of Directors in relation to achievement of the performance criteria, the performance share units were settled at 200% of target.
F3 The reported securities were withheld to satisfy the reporting person's tax liability in connection with the vesting of the aforementioned restricted stock units and performance share units.