Jorge C. Buckup - Feb 16, 2023 Form 4 Insider Report for Univar Solutions Inc. (UNVR)

Role
President, Latin America
Signature
/s/ Noelle J. Perkins, as Attorney-in-Fact for Jorge Buckup
Stock symbol
UNVR
Transactions as of
Feb 16, 2023
Transactions value $
$0
Form type
4
Date filed
2/21/2023, 05:44 PM
Previous filing
Jan 4, 2023
Next filing
Aug 4, 2023

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 UNVR Performance-Based Restricted Stock Units Award $0 +1.77K +200% $0.00 2.65K Feb 16, 2023 Common Stock 1.77K Direct F1, F2
transaction UNVR Restricted Stock Units - 23 Award $0 +3.25K $0.00 3.25K Feb 17, 2023 Common Stock 3.25K Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each performance restricted stock unit ("PRSU") represents a contingent right to receive, at settlement, one share of common stock upon vesting.
F2 In 2021, the Reporting Person was granted an award of PRSUs ("2021 PRSUs"). The second tranche of 2021 PRSUs ("Tranche 2 2021 PRSUs") was to be earned based on a predetermined Adjusted Earnings Per Share performance goal during the period January 1, 2022 to December 31, 2022 ("Performance Goal") followed by continued employment through December 31, 2023. The reported number of securities represents the Tranche 2 2021 PRSUs that were deemed conditionally earned on February 16, 2023 following the certification of the attainment of the Performance Goal by the Compensation Committee, and vest on December 31, 2023, subject to continued employment through such date.
F3 Each restricted stock unit is equivalent to one share of common stock upon vesting.
F4 On February 17, 2023, the reporting person was granted 3,250 restricted stock units, vesting in three equal annual installments beginning on the first anniversary of the grant date, subject to the reporting person continuing to be employed by the issuer through each such date.