William E. Waltz Jr. - Dec 14, 2023 Form 4 Insider Report for Atkore Inc. (ATKR)

Role
President and CEO, Director
Signature
/s/ Daniel S. Kelly, Attorney-in-Fact for William E. Waltz, Jr.
Stock symbol
ATKR
Transactions as of
Dec 14, 2023
Transactions value $
-$11,273,390
Form type
4
Date filed
12/14/2023, 05:10 PM
Previous filing
Dec 8, 2023
Next filing
Feb 26, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATKR Common Stock Options Exercise $726K +79.6K +62.78% $9.12* 206K Dec 14, 2023 Direct
transaction ATKR Common Stock Sale -$12M -79.6K -38.57% $150.75 127K Dec 14, 2023 Direct F1, F2
holding ATKR Common Stock 128K Dec 14, 2023 By Trust F3

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 ATKR Stock Options (right to buy) Options Exercise $0 -79.6K -100% $0.00* 0 Dec 14, 2023 Common Stock 79.6K $9.12 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This exercise and sale was undertaken pursuant to a predetermined diversification plan previously adopted on August 23, 2023 by the Reporting Person (a "10b5-1 Plan") for 10-year options of the Issuer's common stock set to expire on May 22, 2024.
F2 This price represents the approximate weighted average price per share of common stock (each a "Share") of Atkore Inc. (the "Issuer") of sales that were executed at prices ranging from $150.00 to $152.40 per Share. The Reporting Person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Issuer or a security holder of the issuer, full information regarding the number of Shares sold at each price.
F3 Securities held directly by a trust for which the reporting person's spouse is the beneficiary. The reporting person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed to be an admission that the reporting person is, for purposes of Section 16 or any other purpose, the beneficial owner of such securities.
F4 These options are fully vested and exercisable.