Brian J. Kesseler - Mar 4, 2022 Form 4 Insider Report for TENNECO INC (TEN)

Role
Chief Executive Officer, Director
Signature
/s/ Thomas J. Sabatino, Jr., Attorney-in-fact for Brian J. Kesseler
Stock symbol
TEN
Transactions as of
Mar 4, 2022
Transactions value $
-$870,716
Form type
4
Date filed
3/8/2022, 03:26 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 +52.8K +26.21% $0.00 254K Mar 4, 2022 Direct F1
transaction TEN Class A Common Stock Tax liability -$330K -17.5K -6.87% $18.86 237K Mar 4, 2022 Direct F2
transaction TEN Class A Common Stock Options Exercise $0 +28.5K +12.01% $0.00 265K Mar 4, 2022 Direct F3
transaction TEN Class A Common Stock Disposed to Issuer -$541K -28.5K -10.72% $19.01 237K Mar 4, 2022 Direct F3
holding TEN Class A Common Stock 222K Mar 4, 2022 Brian J and Michele M Kesseler Revocable Trust

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 -52.8K -50% $0.00 52.8K Mar 4, 2022 Class A Common Stock 52.8K Direct F4, F5
transaction TEN Cash-Settled Restricted Stock Units Options Exercise $0 -28.5K -50% $0.00 28.5K Mar 4, 2022 Class A Common Stock 28.5K Direct F3, F5
* 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 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.
F5 After giving effect to the transactions reported in this Report, the Reporting Person holds an aggregate 515,848 restricted stock units and 354,507 cash-settled restricted stock units.