Kaled Awada - Oct 31, 2022 Form 4 Insider Report for TENNECO INC (TEN)

Role
Executive Vice President*
Signature
/s/ Thomas J. Sabatino, Jr., Attorney-in-fact for Kaled Awada
Stock symbol
TEN
Transactions as of
Oct 31, 2022
Transactions value $
-$1,112,555
Form type
4
Date filed
11/2/2022, 05:09 PM
Previous filing
Mar 8, 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 Gift $0 -4.14K -7.99% $0.00 47.6K Mar 15, 2022 Direct
transaction TEN Class A Common Stock Options Exercise $0 +56.6K +118.71% $0.00 104K Oct 31, 2022 Direct F1
transaction TEN Class A Common Stock Disposed to Issuer -$1.11M -56.6K -54.28% $19.67 47.6K Oct 31, 2022 Direct F1
holding TEN Class A Common Stock 7.8K Oct 31, 2022 By 401(k) 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 Cash-Settled Restricted Stock Units Options Exercise $0 -56.6K -100% $0.00* 0 Oct 31, 2022 Class A Common Stock 56.6K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 Reflects shares allocated to, and indirectly held by, the Reporting Person under the Issuer's 401(k) Plan.
F3 After giving effect to the transactions reported in this Report, the Reporting Person holds an aggregate 74,488 restricted stock units and 3,794 cash-settled restricted stock units.

Remarks:

*and Chief Human Resources Officer