Eric Guerin - Nov 30, 2023 Form 4 Insider Report for Veritiv Corp (VRTV)

Role
Chief Financial Officer
Signature
/s/ Susan B. Salyer, Attorney-in-Fact for Eric J. Guerin
Stock symbol
VRTV
Transactions as of
Nov 30, 2023
Transactions value $
-$2,638,400
Form type
4
Date filed
11/30/2023, 12:05 PM
Previous filing
May 12, 2023
Next filing
Jan 16, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VRTV Common Stock Disposed to Issuer -$1.36M -7.99K -100% $170.00 0 Nov 30, 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 -$1.28M -7.53K -100% $170.00 0 Nov 30, 2023 Common Stock 7.53K 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.