Rainer Jueckstock - Mar 4, 2022 Form 4 Insider Report for TENNECO INC (TEN)

Role
Executive Vice President
Signature
/s/ Thomas J. Sabatino, Jr., Attorney-in-fact for Rainer Jueckstock
Stock symbol
TEN
Transactions as of
Mar 4, 2022
Transactions value $
-$130,732
Form type
4
Date filed
3/8/2022, 03:22 PM
Previous filing
Feb 7, 2022
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TEN Class A Common Stock Options Exercise $0 +12.8K +16.61% $0.00 89.6K Mar 4, 2022 Direct F1
transaction TEN Class A Common Stock Options Exercise $0 +6.88K +7.67% $0.00 96.5K Mar 4, 2022 Direct F2
transaction TEN Class A Common Stock Disposed to Issuer -$131K -6.88K -7.12% $19.01 89.6K Mar 4, 2022 Direct 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 Restricted Stock Units Options Exercise $0 -12.8K -50% $0.00 12.8K Mar 4, 2022 Class A Common Stock 12.8K Direct F3, F4
transaction TEN Cash-Settled Restricted Stock Units Options Exercise $0 -6.88K -50% $0.00 6.88K Mar 4, 2022 Class A Common Stock 6.88K Direct F2, F4
* 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 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.
F3 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.
F4 After giving effect to the transactions reported in this Report, the Reporting Person holds an aggregate 100,846 restricted stock units and 6,877 cash-settled restricted stock units.