Key facts
- This page summarizes Michael W. Ranger's Form 4 filing for COVANTA HOLDING CORP.
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 01 Dec 2021, 15:18.
Michael W. Ranger - 30 Nov 2021 Form 4 Insider Report for COVANTA HOLDING CORP
- Reporting relationship
- President and CEO
- Issuer ticker
- N/A
- Reported as of
- 30 Nov 2021
- Net transaction value
- -$12,630,000
- SEC form
- 4
- Accepted by SEC
- 01 Dec 2021, 15:18:56 UTC
- Prior SEC filing
- 01 Oct 2021
- Next SEC filing
- 03 Jan 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Michael W. Ranger
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Michael W. Ranger filed Form 4 for COVANTA HOLDING CORP on 01 Dec 2021.
Change
- Previous filing in this sequence was filed on 01 Oct 2021.
- Current net transaction value: -$12,630,000.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CVA
transaction
Common Stock, $.10 par value
Disposed to Issuer
- Transaction value
- Shares
- -40,000
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CVA
transaction
Derivative
Option to purchase common stock (right to buy)
Disposed to Issuer
- Transaction value
- $12,630,000
- Shares
- -1,000,000
- Change %
- -100%
- Price
- $12.63
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Direct
- Underlying class
- Common Stock, $.10 par value
- Underlying amount
- 1,000,000
- Exercise price
- $7.62
- Footnotes
- F2, F3
CVA
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -57,702
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Direct
- Underlying class
- Common Stock, $.10 par value
- Underlying amount
- 57,702
- Exercise price
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Michael W. Ranger is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
Pursuant to the merger agreement between EQT Infrastructure and the Issuer, effective as of the date of the merger these shares of the Issuer's common stock were canceled and converted into the right to receive $20.25 in cash per share (the "Merger Consideration").
Footnote F2
The stock options which provided for vesting in equal installments over three years beginning October 29, 2021, were canceled in the merger in exchange for a cash payment of $12,630,000, representing the difference between the exercise price of the option and the Merger Consideration.
Footnote F3
The stock options expire three years after vesting.
Footnote F4
The restricted stock units were canceled in the merger and converted into the right to receive a cash payment equal to the product of (i) the total number of shares of the Issuer's common stock underlying the restricted stock units multiplied by (ii) the Merger Consideration.