Scott Usitalo - 31 Oct 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
31 Oct 2022
Net transactions value
-$556,287
Form type
4
Filing time
02 Nov 2022, 17:12:15 UTC
Previous filing
08 Mar 2022
Next filing
21 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 +28,281 +57% $0.000000 77,669 31 Oct 2022 Direct F1
transaction TEN Class A Common Stock Disposed to Issuer $556,287 -28,281 -36% $19.67 49,388 31 Oct 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 -28,281 -100% $0.000000* 0 31 Oct 2022 Class A Common Stock 28,281 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.