Timothy Ludlow - May 14, 2021 Form 4 Insider Report for COVETRUS, INC. (CVET)

Role: Executive Vice President and Chief Transformation Officer
Signature: /s/ Margaret B. Pritchard, as attorney-in-fact for Timothy Ludlow
Stock symbol: CVET
Transactions as of: May 14, 2021
Transactions value $: -$523,216
Form type: 4
Date filed: 5/18/2021, 05:34 PM
Next filing: Jun 22, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CVET	Common Stock	Award	$0	+48.9K	+67.39%	$0.00	122K	May 14, 2021	Direct	F1, F2
transaction	CVET	Common Stock	Tax liability	-$523K	-20.2K	-16.63%	$25.88	101K	May 14, 2021	Direct	F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	These shares represent common stock acquired on May 14, 2021 upon settlement of a Performance Share Unit award granted on January 14, 2020 for the performance period ended December 31, 2020.
F2	Each Performance Share Unit represents a contingent right to receive one share of common stock upon vesting based on the attainment of performance goals.
F3	Represents shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting of the Performance Share Units.

Remarks:

Executive Vice President and Chief Transformation Officer