Michael P. Muldowney - Nov 30, 2023 Form 4 Insider Report for Veritiv Corp (VRTV)

Role
Director
Signature
/s/ Susan B. Salyer, Attorney-in-Fact for Michael P. Muldowney
Stock symbol
VRTV
Transactions as of
Nov 30, 2023
Transactions value $
-$5,821,990
Form type
4
Date filed
11/30/2023, 12:08 PM
Previous filing
Sep 14, 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 VRTV Phantom Stock -Disposed to Issuer -$5,265,410 -30,973 -100% $170.00 0 Nov 30, 2023 Common Stock 30,973 Direct F1, F2, F3
transaction VRTV Deferred Share Unit (Stock Settled) -Disposed to Issuer -$556,580 -3,274 -100% $170.00 0 Nov 30, 2023 Common Stock 3,274 Direct F1, F2, F3

Michael P. Muldowney is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each dividend equivalent right is the economic equivalent of one share of Veritiv Corporation common stock
F2 The dividend equivalent rights accrued on phantom stock previously granted to the reporting person, and are fully vested and non-forfeitable on the grant date and shall be paid to the reporting person in shares of Common Stock on the elected distribution date under the Veritiv Corporation Deferred Compensation Savings Plan, in the case of phantom stock, or within 30 days after the reporting person's termination of service as a director, in the case of deferred stock units.
F3 Each outstanding award (i) of deferred stock units of the Company and (ii) phantom stock units of the Company, whether settleable in shares of Common Stock or cash, were canceled, 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 each such award, together with any cash dividends accrued.