Allen Hugli - 28 Mar 2025 Form 4 Insider Report for Pactiv Evergreen Inc. (PTVE)

Role
Director
Signature
/s/ Tyler T. Rosenbaum, by Power of Attorney
Issuer symbol
PTVE
Transactions as of
28 Mar 2025
Net transactions value
-$440,515
Form type
4
Filing time
01 Apr 2025, 15:39:09 UTC
Previous filing
17 Jun 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTVE Common Stock Disposed to Issuer $260,432 -14,500 -35% $17.96 27,159 28 Mar 2025 Direct F1
transaction PTVE Common Stock Disposed to Issuer $180,083 -10,000 -37% $18.01 17,159 31 Mar 2025 Direct
transaction PTVE Common Stock Disposed to Issuer -17,159 -100% 0 01 Apr 2025 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

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

Explanation of Responses:

Id Content
F1 The reported price is a weighted average price. These shares were disposed of in multiple transactions at prices ranging from $17.960177 to $17.965 per share, inclusive. The reporting person undertakes to provide to the issuer, any securityholder of the issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this Footnote 1 to this Form 4.
F2 On April 1, 2025, pursuant to the Agreement and Plan of Merger dated as of December 9, 2024 (the "Merger Agreement"), by and among the Issuer, Novolex Holdings, LLC (the "Parent") and Alpha Lion Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of the Parent.
F3 Pursuant to the Merger Agreement, each share of the Issuer's common stock was canceled and converted into the right to receive $18.00 in cash, without interest.