Kaled Awada - 04 Mar 2022 Form 4 Insider Report for TENNECO INC

Role
Executive Vice President*
Signature
/s/ Thomas J. Sabatino, Jr., Attorney-in-fact for Kaled Awada
Issuer symbol
N/A
Transactions as of
04 Mar 2022
Net transactions value
-$111,070
Form type
4
Filing time
08 Mar 2022, 15:17:03 UTC
Previous filing
07 Feb 2022
Next filing
02 Nov 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 $0 +7,046 +15% $0.000000 53,847 04 Mar 2022 Direct F1
transaction TEN Class A Common Stock Tax liability $38,946 -2,065 -3.8% $18.86 51,782 04 Mar 2022 Direct F2
transaction TEN Class A Common Stock Options Exercise $0 +3,794 +7.3% $0.000000 55,576 04 Mar 2022 Direct F3
transaction TEN Class A Common Stock Disposed to Issuer $72,124 -3,794 -6.8% $19.01 51,782 04 Mar 2022 Direct F3
holding TEN Class A Common Stock 7,799 04 Mar 2022 By 401(k) 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 TEN Restricted Stock Units Options Exercise $0 -7,046 -50% $0.000000 7,046 04 Mar 2022 Class A Common Stock 7,046 Direct F5, F6
transaction TEN Cash-Settled Restricted Stock Units Options Exercise $0 -3,794 -50% $0.000000 3,794 04 Mar 2022 Class A Common Stock 3,794 Direct F3, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects stock acquired upon the vesting of restricted stock units granted to the Reporting Person pursuant to Rule 16b-3.
F2 Reflects disposition of shares to the Issuer in the form of share withholding to satisfy tax obligations in connection with the vesting of restricted stock units.
F3 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.
F4 Reflects shares allocated to, and indirectly held by, the Reporting Person under the Issuer's 401(k) Plan.
F5 Reflects vesting of restricted stock units granted to the Reporting Person pursuant to Rule 16b-3. Each restricted stock unit converts into one share of Class A Common Stock.
F6 After giving effect to the transactions reported in this Report, the Reporting Person holds an aggregate 74,488 restricted stock units and 60,355 cash-settled restricted stock units.

Remarks:

*and Chief Human Resources Officer