Juan R. Figuereo - Jul 5, 2023 Form 4 Insider Report for Diversey Holdings, Ltd. (DSEY)

Role
Director
Signature
/s/ Michael Chapman, by power of attorney
Stock symbol
DSEY
Transactions as of
Jul 5, 2023
Transactions value $
-$388,290
Form type
4
Date filed
7/6/2023, 04:01 PM
Previous filing
Jun 2, 2023
Next filing
Sep 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DSEY Ordinary Shares, $0.0001 par value Disposed to Issuer -$388K -46.2K -100% $8.40 0 Jul 5, 2023 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Juan R. Figuereo 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 and in connection with the transactions contemplated by that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of March 8, 2023, by and among the Issuer, Olympus Water Holdings IV, L.P. ("Parent"), acting by its general partner, Olympus Water Holdings Limited and Diamond Merger Limited, each of the Issuer's ordinary shares, par value $0.0001 per share (each, an "Ordinary Share"), owned by the Reporting Person were cancelled and exchanged into the right to receive $8.40 in cash (the "Merger Consideration").
F2 The Ordinary Shares reported as disposed by the Reporting Person include 22,149 shares underlying restricted share units which, pursuant to the Merger Agreement, were vested and cancelled into the right to receive an amount in cash equal to the Merger Consideration, with payment subject to continued service with Parent and its affiliates, as applicable.