Michael L. Berger - Dec 18, 2024 Form 4 Insider Report for Air Transport Services Group, Inc. (ATSG)

Signature
/s/ W. Joseph Payne for Michael L. Berger
Stock symbol
ATSG
Transactions as of
Dec 18, 2024
Transactions value $
$1,038,322
Form type
4
Date filed
12/20/2024, 03:49 PM
Previous filing
Jun 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATSG Common Stock Award $1.87M +85.7K +82.64% $21.87 189K Dec 18, 2024 Direct F1
transaction ATSG Common Stock Tax liability -$836K -38.2K -20.18% $21.87 151K Dec 18, 2024 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent the grant of a restricted stock award to the reporting person for his regular fiscal year 2025 award under the Company's Amended and Restated 2015 Long-Term Incentive Plan. These shares of restricted stock will vest on December 31, 2027, subject to earlier vesting on certain qualifying termination events. In addition, pursuant to the Agreement and Plan of Merger by and between the Company, Stonepeak Nile Parent LLC, a Delaware limited liability company and Stonepeak Nile MergerCo Inc., a Delaware corporation and wholly-owned subsidiary of Parent, dated as of November 3, 2024 (the "Merger Agreement"), at the closing of the transactions contemplated by the Merger Agreement, this restricted stock will be converted into the right to receive a cash payment equal to the merger consideration upon the satisfaction of the vesting conditions applicable to the restricted stock.
F2 These shares were returned to the Company's authorized but unissued reserve in payment for taxes owed in connection with the restricted share award described above.

Remarks:

POA on file.