Matthew Malenfant - 01 Sep 2022 Form 4 Insider Report for COVETRUS, INC.

Role
Chief Commercial Officer
Signature
/s/ Margaret B. Pritchard, as attorney-in-fact for Matthew Malenfant
Issuer symbol
N/A
Transactions as of
01 Sep 2022
Net transactions value
-$158,877
Form type
4
Filing time
06 Sep 2022, 16:09:09 UTC
Previous filing
03 Jun 2022
Next filing
13 Oct 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 +18,403 +28% $0.000000 83,298 01 Sep 2022 Direct
transaction CVET Common Stock Options Exercise $0 +6,994 +8.4% $0.000000 90,292 01 Sep 2022 Direct
transaction CVET Common Stock Options Exercise $0 +1,643 +1.8% $0.000000 91,935 01 Sep 2022 Direct
transaction CVET Common Stock Tax liability $158,877 -7,631 -8.3% $20.82 84,304 01 Sep 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 -18,403 -25% $0.000000 55,209 01 Sep 2022 Common Stock 18,403 Direct F1, F2
transaction CVET Restricted Stock Units Options Exercise $0 -6,994 -33% $0.000000 14,201 01 Sep 2022 Common Stock 6,994 Direct F1, F3
transaction CVET Restricted Stock Units Options Exercise $0 -1,643 -14% $0.000000 9,855 01 Sep 2022 Common Stock 1,643 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 Reporting Person's continuous service as an employee of the Issuer, the RSUs will vest 25% every six months in equal ratable increments.
F3 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.