Carl Douglas Anderson II - Apr 1, 2022 Form 4 Insider Report for MERITOR, INC. (MTOR)

Role
SVP and CFO
Signature
/s/ Carl D. Anderson, II
Stock symbol
MTOR
Transactions as of
Apr 1, 2022
Transactions value $
-$356,224
Form type
4
Date filed
4/4/2022, 05:08 PM
Previous filing
Feb 2, 2022
Next filing
Aug 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTOR Common Stock Options Exercise $0 +14.2K +58% $0.00 38.5K Apr 1, 2022 Direct F1
transaction MTOR Common Stock Options Exercise $0 +9.58K +24.85% $0.00 48.1K Apr 1, 2022 Direct F1
transaction MTOR Common Stock Sale -$356K -10K -20.78% $35.62 38.1K Apr 4, 2022 Direct F2, F3
holding MTOR Common Stock 3.51K Apr 1, 2022 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 -14.2K -100% $0.00* 0 Apr 1, 2022 Common Stock 14.2K $0.00 Direct F1
transaction MTOR Restricted Share Units Options Exercise $0 -9.58K -100% $0.00* 0 Apr 1, 2022 Common Stock 9.58K $0.00 Direct F1
holding MTOR Restricted Share Units 19.7K Apr 1, 2022 Common Stock 19.7K $0.00 Direct F5
holding MTOR Restricted Share Units 1.65K Apr 1, 2022 Common Stock 1.65K $0.00 Direct F6
holding MTOR Restricted Share Units 17.1K Apr 1, 2022 Common Stock 17.1K $0.00 Direct F7
holding MTOR Restricted Share Units 22.2K Apr 1, 2022 Common Stock 22.2K $0.00 Direct F8
holding MTOR Restricted Share Units 17.7K Apr 1, 2022 Common Stock 17.7K $0.00 Direct F9
* 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 April 1, 2022.
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 $35.59 to $35.66, 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 April 1, 2022.
F5 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.