Jon Zinman - 19 Feb 2024 Form 4 Insider Report for Mallinckrodt plc

Role
Director
Signature
/s/ Mark Tyndall, Attorney-in-Fact
Issuer symbol
N/A
Transactions as of
19 Feb 2024
Net transactions value
$0
Form type
4
Filing time
20 Feb 2024, 16:20:20 UTC
Previous filing
22 Nov 2023
Next filing
02 Jan 2025
SEC
View on sec.gov

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 Restricted Stock Units Award $0 -10,942 -50% $0.000000 10,942 19 Feb 2024 Ordinary Shares 10,942 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon vesting, each restricted stock unit (the "RSU") will be settled in ordinary shares of the issuer at one share per RSU.
F2 The RSUs will vest ratably on each of the first three anniversaries of January 1, 2024.
F3 The Reporting Person is an employee of Silver Point Capital, L.P. ("Silver Point"). Mr. Zinman has an understanding with Silver Point pursuant to which he will hold any compensation received as a director for the benefit of Silver Point and certain of its affiliates. Mr. Zinman disclaims beneficial ownership of any of the Issuer's securities held by Silver Point or its affiliates.

Remarks:

This Form 4 constitutes a notice to the Issuer for purposes of Part V of the Companies Act 2014