Chris Villavarayan - Dec 1, 2021 Form 4 Insider Report for MERITOR, INC. (MTOR)

Role
CEO & President
Signature
/s/ Chris Villavarayan, By: Carl D. Anderson, II, Attorney-in-fact
Stock symbol
MTOR
Transactions as of
Dec 1, 2021
Transactions value $
-$739,135
Form type
4
Date filed
12/3/2021, 03:46 PM
Previous filing
Nov 15, 2021
Next filing
May 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTOR Common Stock Options Exercise $0 +39.4K +91.35% $0.00 82.5K Dec 1, 2021 Direct F1
transaction MTOR Common Stock Options Exercise $0 +26.7K +32.31% $0.00 109K Dec 1, 2021 Direct F1
transaction MTOR Common Stock Sale -$739K -29.3K -26.86% $25.20 79.9K Dec 2, 2021 Direct F2, F3
holding MTOR Common Stock 5.72K 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 -39.4K -100% $0.00* 0 Dec 1, 2021 Common Stock 39.4K $0.00 Direct F1
transaction MTOR Restricted Share Units Options Exercise $0 -26.7K -100% $0.00* 0 Dec 1, 2021 Common Stock 26.7K $0.00 Direct F1
transaction MTOR Restricted Share Units Award $0 +76.6K $0.00 76.6K Dec 1, 2021 Common Stock 76.6K $0.00 Direct F5
holding MTOR Restricted Share Units 50.5K Dec 1, 2021 Common Stock 50.5K $0.00 Direct F6
holding MTOR Restricted Share Units 21.7K Dec 1, 2021 Common Stock 21.7K $0.00 Direct F7
holding MTOR Restricted Share Units 6.47K Dec 1, 2021 Common Stock 6.47K $0.00 Direct F8
holding MTOR Restricted Share Units 17.4K Dec 1, 2021 Common Stock 17.4K $0.00 Direct F9
holding MTOR Common Stock Share Equivalents 8.56K Dec 1, 2021 Common Stock 8.56K $0.00 Meritor Supplemental Savings Plan F10
* 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 $24.67 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 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.
F7 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.
F8 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.
F9 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.
F10 Between November 10, 2021 and December 1, 2021, the reporting person acquired 60 share equivalents related to Company common stock held under the Meritor, Inc. Supplemental Savings Plan, based on information furnished by the plan administrator as of December 1, 2021.