Kaled Awada - 31 Oct 2021 Form 4 Insider Report for TENNECO INC (TEN)

Role
Senior Vice President*
Signature
/s/ Thomas J. Sabatino, Jr., Attorney-in-fact for Kaled Awada
Issuer symbol
TEN
Transactions as of
31 Oct 2021
Net transactions value
-$752,261
Form type
4
Filing time
02 Nov 2021, 17:16:08 UTC
Previous filing
12 May 2021
Next filing
03 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEN Class A Common Stock Options Exercise +56,561 +350% 72,708 31 Oct 2021 Direct F1
transaction TEN Class A Common Stock Disposed to Issuer $752,261 -56,561 -78% $13.30 16,147 31 Oct 2021 Direct F1
holding TEN Class A Common Stock 7,799 31 Oct 2021 By 401(k) F2

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 TEN Cash-Settled Restricted Stock Units Options Exercise $0 -56,561 -50% $0.000000 56,561 31 Oct 2021 Class A Common Stock 56,561 Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects vesting of cash-settled restricted stock units granted to the Reporting Person pursuant to Rule 16b-3. Each cash-settled restricted stock unit represents the contingent right to receive the fair market value of one share of Class A Common Stock on the vesting date. Vesting of cash-settled restricted stock units is reported as a deemed acquisition and disposition of the number of shares of Class A Common Stock underlying the vested restricted stock units.
F2 Reflects shares allocated to, and indirectly held by, the Reporting Person under the Issuer's 401(k) Plan.
F3 Including the 56,561 cash-settled restricted stock units reported in this Report, the Reporting Person holds an aggregate 55,338 restricted stock units and 64,149 cash-settled restricted stock units.

Remarks:

*and Chief Human Resources Officer