David Jukes - Feb 7, 2022 Form 4 Insider Report for Univar Solutions Inc. (UNVR)

Role
President, CEO, Director
Signature
/s/ Noelle J. Perkins, as Attorney-in-fact for David Jukes
Stock symbol
UNVR
Transactions as of
Feb 7, 2022
Transactions value $
-$1,162,334
Form type
4
Date filed
2/9/2022, 06:12 PM
Previous filing
Feb 8, 2022
Next filing
Feb 10, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction UNVR Common Stock Award $0 +95.7K +60.74% $0.00 253K Feb 7, 2022 Direct F1, F2
transaction UNVR Common Stock Tax liability -$1.16M -42.4K -16.74% $27.42 211K Feb 7, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported number of securities represents the settlement of the non-derivative PRSUs in shares of the Issuer's common stock following certification of performance goal attainment by the Compensation Committee on February 7, 2022. The non-derivative PRSUs were granted in 2019, to be earned based on performance against predetermined Adjusted EBITDA and Return-on-Investment Capital performance goals during the three year period January 1, 2019 to December 31, 2021. The award was to be earned, if at all, upon the certification of performance goal attainment by the Compensation Committee following, and subject to the Reporting Person's continued employment through, the end of the performance period.
F2 Each non-derivative performance restricted stock unit ("PRSU") represents a contingent right to receive, at settlement, one share of common stock upon vesting. This transaction represents the settlement of non-derivative PRSUs in shares of the Issuer's common stock following certification of performance goal attainment by the Compensation Committee on February 7, 2022.
F3 Shares withheld by the Issuer to satisfy the minimum statutory tax withholding requirements on settlement of non-derivative PRSUs. No shares were sold.