Dustin Finer - 01 Mar 2022 Form 4 Insider Report for COVETRUS, INC.

Role
Chief Administrative Officer
Signature
/s/ Margaret B. Pritchard, as attorney-in-fact for Dustin Finer
Issuer symbol
N/A
Transactions as of
01 Mar 2022
Net transactions value
-$228,730
Form type
4
Filing time
03 Mar 2022, 15:13:17 UTC
Previous filing
19 Jan 2022
Next filing
04 May 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVET Common Stock Options Exercise $0 +5,393 +8.9% $0.000000 66,064 01 Mar 2022 Direct F1
transaction CVET Common Stock Award $0 +35,353 +54% $0.000000 101,417 01 Mar 2022 Direct F2, F3
transaction CVET Common Stock Tax liability $228,730 -12,814 -13% $17.85 88,603 01 Mar 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 -5,393 -33% $0.000000 10,950 01 Mar 2022 Common Stock 5,393 Direct F1, F5
* 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 2,368 shares and 10,446 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.