Scott Usitalo - 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 Scott Usitalo
Stock symbol: TEN
Transactions as of: Oct 31, 2022
Transactions value $: -$556,287
Form type: 4
Date filed: 11/2/2022, 05:12 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	Options Exercise	$0	+28.3K	+57.26%	$0.00	77.7K	Oct 31, 2022	Direct	F1
transaction	TEN	Class A Common Stock	Disposed to Issuer	-$556K	-28.3K	-36.41%	$19.67	49.4K	Oct 31, 2022	Direct	F1

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	-28.3K	-100%	$0.00^*	0	Oct 31, 2022	Class A Common Stock	28.3K		Direct	F1, F2

* 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	After giving effect to the transactions reported in this Report, the Reporting Person holds an aggregate 82,718 restricted stock units and 3,320 cash-settled restricted stock units.

Content

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.

After giving effect to the transactions reported in this Report, the Reporting Person holds an aggregate 82,718 restricted stock units and 3,320 cash-settled restricted stock units.