Carl Douglas Anderson II - Dec 1, 2021 Form 4 Insider Report for MERITOR, INC. (MTOR)

Role
SVP and CFO
Signature
/s/ Carl D. Anderson, II
Stock symbol
MTOR
Transactions as of
Dec 1, 2021
Transactions value $
-$134,492
Form type
4
Date filed
12/3/2021, 03:44 PM
Previous filing
Nov 15, 2021
Next filing
Feb 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTOR Common Stock Options Exercise $0 +7.16K +43.54% $0.00 23.6K Dec 1, 2021 Direct F1
transaction MTOR Common Stock Options Exercise $0 +4.85K +20.53% $0.00 28.5K Dec 1, 2021 Direct F1
transaction MTOR Common Stock Sale -$134K -5.34K -18.75% $25.20 23.1K Dec 2, 2021 Direct F2, F3
holding MTOR Common Stock 3.51K Dec 1, 2021 Meritor Savings Plan F4

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 MTOR Restricted Share Units Options Exercise $0 -7.16K -100% $0.00* 0 Dec 1, 2021 Common Stock 7.16K $0.00 Direct F1
transaction MTOR Restricted Share Units Options Exercise $0 -4.85K -100% $0.00* 0 Dec 1, 2021 Common Stock 4.85K $0.00 Direct F1
transaction MTOR Restricted Share Units Award $0 +19.7K $0.00 19.7K Dec 1, 2021 Common Stock 19.7K $0.00 Direct F5
holding MTOR Restricted Share Units 14.2K Dec 1, 2021 Common Stock 14.2K $0.00 Direct F6
holding MTOR Restricted Share Units 1.43K Dec 1, 2021 Common Stock 1.43K $0.00 Direct F7
holding MTOR Restricted Share Units 1.65K Dec 1, 2021 Common Stock 1.65K $0.00 Direct F8
holding MTOR Restricted Share Units 17.1K Dec 1, 2021 Common Stock 17.1K $0.00 Direct F9
holding MTOR Restricted Share Units 22.2K Dec 1, 2021 Common Stock 22.2K $0.00 Direct F10
holding MTOR Restricted Share Units 17.7K Dec 1, 2021 Common Stock 17.7K $0.00 Direct F11
holding MTOR Restricted Share Units 9.58K Dec 1, 2021 Common Stock 9.58K $0.00 Direct F12
holding MTOR Restricted Share Units 967 Dec 1, 2021 Common Stock 967 $0.00 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects vesting of Restricted Share Units ("RSUs") on December 1, 2021.
F2 The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of RSUs.
F3 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $24.69 to $25.74, inclusive. The reporting person undertakes to provide to Meritor, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4 Shares purchased periodically and held in Company common stock funds in an employee benefit trust fund established under the Meritor, Inc. Savings Plan, based on information furnished by the plan administrator as of December 1, 2021.
F5 Acquisition of RSUs as equity compensation. The date of grant of the RSUs was December 1, 2021. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F6 The date of the acquisition of the RSUs was November 10, 2021 following satisfaction of the performance criteria applicable thereto. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of April 1, 2022 or upon termination of employment with the Company under certain circumstances.
F7 The date of the acquisition of the RSUs was November 10, 2021 following satisfaction of the performance criteria applicable thereto. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of January 31, 2022 or upon termination of employment with the Company under certain circumstances.
F8 The date of grant of the RSUs was May 6, 2021. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F9 The date of grant of the RSUs was December 1, 2020. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F10 The date of grant of the RSUs was February 3, 2020. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F11 The date of grant of the RSUs was December 1, 2019. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F12 The date of grant of the RSUs was April 1, 2019. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F13 The date of the grant of the RSUs was January 31, 2019. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.