Trian Fund Management, L.P. - Jan 23, 2023 Form 4 Insider Report for Invesco Ltd. (IVZ)

Role
10%+ Owner
Signature
/s/ Daniel R. Marx, Attorney-In-Fact for Edward P. Garden, member of the general partner of Trian Fund Management, L.P
Stock symbol
IVZ
Transactions as of
Jan 23, 2023
Transactions value $
-$133,775,857
Form type
4
Date filed
1/25/2023, 05:14 PM
Previous filing
Apr 4, 2022
Next filing
Jan 31, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IVZ Common Stock Sale -$72M -3.79M -6.79% $19.02 52M Jan 23, 2023 Please see explanation below F1, F2, F3
transaction IVZ Common Stock Sale -$18.8M -1.01M -1.95% $18.56 50.9M Jan 24, 2023 Please see explanation below F1, F3, F4
transaction IVZ Common Stock Sale -$43M -2.37M -4.66% $18.10 48.6M Jan 25, 2023 Please see explanation below F1, F3, F5
holding IVZ Common Stock 13.6K Jan 23, 2023 Please see explanation below F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The sales reported in this Form 4 were done for portfolio management purposes.
F2 The price shown in Column 4 is a weighted average sale price. The price range for the sale is $18.90 to $19.255. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F3 The Reporting Person serves as the management company for Trian Partners AM Holdco, Ltd. ("Trian AM Holdco") and as such determines the investment and voting decisions of Trian AM Holdco with respect to the shares of the Issuer held by Trian AM Holdco. The Reporting Person disclaims beneficial ownership of such shares except to the extent of its pecuniary interests therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
F4 The price shown in Column 4 is a weighted average sale price. The price range for the sale is $18.50 to $18.83. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F5 The price shown in Column 4 is a weighted average sale price. The price range for the sale is $18.00 to $18.26. The Reporting Person undertakes to provide upon request by the staff of the Securities and Exchange Commission, the Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.
F6 By virtue of a fee agreement, the Reporting Person may be deemed to have shared voting power and shared dispositive power with regard to certain director shares that each of Nelson Peltz, Chief Executive Officer and a founding partner of the Reporting Person, and Ed Garden, Chief Investment Officer and a founding partner of the Reporting Person, directly and beneficially own and which each received in his former capacity as a director of the Issuer. The Reporting Person disclaims beneficial ownership of such shares except to the extent of its pecuniary interests therein and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.