Eric Guerin - 30 Nov 2023 Form 4 Insider Report for Veritiv Corp

Role
Chief Financial Officer
Signature
/s/ Susan B. Salyer, Attorney-in-Fact for Eric J. Guerin
Issuer symbol
N/A
Transactions as of
30 Nov 2023
Net transactions value
-$2,638,400
Form type
4
Filing time
30 Nov 2023, 12:05:49 UTC
Previous filing
12 May 2023
Next filing
16 Jan 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRTV Common Stock Disposed to Issuer $1,357,960 -7,988 -100% $170.00 0 30 Nov 2023 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 VRTV Performance Share Units Disposed to Issuer $1,280,440 -7,532 -100% $170.00 0 30 Nov 2023 Common Stock 7,532 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Eric Guerin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Pursuant to the Merger Agreement, at the Effective Time, each then outstanding award of service-based restricted stock units of the Company (each, a "Company RSU Award"), whether or not vested, and whether settleable in shares of Common Stock or cash, was cancelled, and each holder will receive an amount in cash equal to (i) the Merger Consideration per share of Common Stock multiplied by (ii) the number of shares of Common Stock subject to such Company RSU Award.
F2 The performance share units (each, a "Company PSU Award") were eligible to be earned based on achievement of pre-established performance goals during the respective performance period (January 1, 2022 - December 31, 2024, and January 1, 2023 - December 31, 2025).
F3 Pursuant to the Merger Agreement, at the Effective Time, each then outstanding Company PSU Award, whether or not vested, and whether settleable in shares of Common Stock or cash, was cancelled, and each holder will receive an amount in cash equal to (i) the Merger Consideration per share of Common Stock multiplied by (ii) the target number of performance share units subject to such Company PSU Award.