Scott Usitalo - Oct 31, 2021 Form 4 Insider Report for TENNECO INC (TEN)

Role
Executive Vice President
Signature
/s/ Thomas J. Sabatino, Jr., Attorney-in-fact for Scott Usitalo
Stock symbol
TEN
Transactions as of
Oct 31, 2021
Transactions value $
-$376,137
Form type
4
Date filed
11/2/2021, 05:20 PM
Next filing
Feb 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEN Class A Common Stock Options Exercise +28.3K +104.53% 55.3K Oct 31, 2021 Direct F1
transaction TEN Class A Common Stock Disposed to Issuer -$376K -28.3K -51.11% $13.30 27.1K Oct 31, 2021 Direct F1

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 -28.3K -50% $0.00 28.3K Oct 31, 2021 Class A Common Stock 28.3K Direct F1, F2
* 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 Including the 28,281 cash-settled restricted stock units reported in this Report, the Reporting Person holds an aggregate 57,776 restricted stock units and 34,921 cash-settled restricted stock units.