John W. Wehrenberg - 04 Mar 2022 Form 4 Insider Report for TENNECO INC

Role
Executive Vice President*
Signature
/s/ Thomas J. Sabatino, Jr., Attorney-in-fact for John W. Wehrenberg
Issuer symbol
N/A
Transactions as of
04 Mar 2022
Net transactions value
-$51,680
Form type
4
Filing time
08 Mar 2022, 15:36:15 UTC
Previous filing
07 Feb 2022
Next filing
16 May 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 +3,083 +12% $0.000000 29,150 04 Mar 2022 Direct F1
transaction TEN Class A Common Stock Tax liability $20,124 -1,067 -3.7% $18.86 28,083 04 Mar 2022 Direct F2
transaction TEN Class A Common Stock Options Exercise $0 +1,660 +5.9% $0.000000 29,743 04 Mar 2022 Direct F3
transaction TEN Class A Common Stock Disposed to Issuer $31,557 -1,660 -5.6% $19.01 28,083 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 -3,083 -50% $0.000000 3,083 04 Mar 2022 Class A Common Stock 3,083 Direct F4, F5
transaction TEN Cash-Settled Restricted Stock Units Options Exercise $0 -1,660 -50% $0.000000 1,660 04 Mar 2022 Class A Common Stock 1,660 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 57,577 restricted stock units and 21,457 cash-settled restricted stock units.

Remarks:

*and President Performance Solutions