Scott Usitalo - 04 Mar 2022 Form 4 Insider Report for TENNECO INC

Role: Executive Vice President
Signature: /s/ Thomas J. Sabatino, Jr., Attorney-in-fact for Scott Usitalo
Issuer symbol: N/A
Transactions as of: 04 Mar 2022
Net transactions value: -$96,382
Form type: 4
Filing time: 08 Mar 2022, 15:33:25 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	+6,165	+14%	$0.000000	51,152	04 Mar 2022	Direct	F1
transaction	TEN	Class A Common Stock	Tax liability	$33,269	-1,764	-3.4%	$18.86	49,388	04 Mar 2022	Direct	F2
transaction	TEN	Class A Common Stock	Options Exercise	$0	+3,320	+6.7%	$0.000000	52,708	04 Mar 2022	Direct	F3
transaction	TEN	Class A Common Stock	Disposed to Issuer	$63,113	-3,320	-6.3%	$19.01	49,388	04 Mar 2022	Direct	F3

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	-6,165	-50%	$0.000000	6,165	04 Mar 2022	Class A Common Stock	6,165		Direct	F4, F5
transaction	TEN	Cash-Settled Restricted Stock Units	Options Exercise	$0	-3,320	-50%	$0.000000	3,320	04 Mar 2022	Class A Common Stock	3,320		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 82,718 restricted stock units and 31,601 cash-settled restricted stock units.