Matthew J. Foulston - Jun 1, 2022 Form 4 Insider Report for COVETRUS, INC. (CVET)

Role
Chief Financial Officer
Signature
/s/ Margaret B. Pritchard as attorney-in-fact for Matthew J. Foulston
Stock symbol
CVET
Transactions as of
Jun 1, 2022
Transactions value $
-$259,203
Form type
4
Date filed
6/3/2022, 04:03 PM
Previous filing
Mar 3, 2022
Next filing
Sep 6, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CVET Common Stock Options Exercise $0 +2.6K +3.94% $0.00 68.6K Jun 1, 2022 Direct
transaction CVET Common Stock Options Exercise $0 +37.5K +54.65% $0.00 106K Jun 1, 2022 Direct
transaction CVET Common Stock Tax liability -$259K -12.5K -11.82% $20.68 93.5K Jun 1, 2022 Direct

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 -2.6K -12.5% $0.00 18.2K Jun 1, 2022 Common Stock 2.6K Direct F1, F2
transaction CVET Restricted Stock Units Options Exercise $0 -37.5K -50% $0.00 37.5K Jun 1, 2022 Common Stock 37.5K Direct F1, F3
* 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 Subject to the Report 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.
F3 Subject to the Reporting Person's continuous service as an employee of the Issuer, the RSUs will vest in three equal annual installments beginning on June 1, 2021.