Georgina Wraight - Mar 1, 2022 Form 4 Insider Report for COVETRUS, INC. (CVET)

Role
Executive Vice President and President, Global Technology Solutions
Signature
/s/ Margaret B. Pritchard, as attorney-in-fact for Georgina Wraight
Stock symbol
CVET
Transactions as of
Mar 1, 2022
Transactions value $
-$253,738
Form type
4
Date filed
3/3/2022, 03:11 PM
Previous filing
Mar 1, 2022
Next filing
Jun 3, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVET Common Stock Options Exercise $0 +6.47K +11.61% $0.00 62.2K Mar 1, 2022 Direct F1
transaction CVET Common Stock Award $0 +35.4K +56.84% $0.00 97.6K Mar 1, 2022 Direct F2, F3
transaction CVET Common Stock Tax liability -$254K -14.2K -14.57% $17.85 83.3K Mar 1, 2022 Direct F4

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 CVET Restricted Stock Units Options Exercise $0 -6.47K -33% $0.00 13.1K Mar 1, 2022 Common Stock 6.47K Direct F1, F5
transaction CVET Restricted Stock Units Award $0 +42.5K $0.00 42.5K Mar 1, 2022 Common Stock 42.5K Direct F1, F5
transaction CVET Restricted Stock Units Award $0 +73.6K $0.00 73.6K Mar 1, 2022 Common Stock 73.6K Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.
F2 These shares represent common stock acquired on March 1, 2022 upon settlement of a Performance Share Unit award granted on March 1, 2021 for the performance period ended December 31, 2021.
F3 Each Performance Share Unit ("PSU") represents a contingent right to receive one share of common stock upon vesting based on the attainment of performance goals.
F4 Represents 2,871 shares and 11,344 shares withheld by the Issuer to satisfy tax withholding obligation upon the vesting of the RSUs and PSUs, respectively.
F5 Subject to the Reporting Person's continuous service as an employee of the Issuer, the RSUs will vest 33% at the one-year anniversary of the grant date, then in equal ratable quarterly increments for the subsequent eight quarters.
F6 Subject to the Reporting Person's continuous service as an employee of the Issuer, the RSUs will vest 25% every six months in equal ratable increments.

Remarks:

Executive Vice President and President, Global Technology Solutions