Stephen D. Newlin - 01 Aug 2023 Form 4 Insider Report for Univar Solutions Inc.

Reporting relationship: Director
Issuer ticker: N/A
Reported as of: 01 Aug 2023
Net transaction value: -$23,332,258
SEC form: 4
Accepted by SEC: 03 Aug 2023, 21:59:58 UTC
Prior SEC filing: 05 May 2023
Next SEC filing: 09 May 2024
Source filing: View source filing
Reporting owner signature: /s/ Stephen D. Newlin

Key filing fact

Stephen D. Newlin filed Form 4 for Univar Solutions Inc. on 03 Aug 2023.

Key facts

This page summarizes Stephen D. Newlin's Form 4 filing for Univar Solutions Inc..
5 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 03 Aug 2023, 21:59.

Change

Previous filing in this sequence was filed on 05 May 2023.
Current net transaction value: -$23,332,258.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

UNVR transaction

Common Stock

Disposed to Issuer

Transaction value: $4,877,828
Shares: -134,933
Change %: -100%
Price: $36.15
Shares after: 0
Date: 01 Aug 2023
Ownership: Direct
Footnotes: F1

UNVR transaction

Common Stock

Disposed to Issuer

Transaction value: $1,044,446
Shares: -28,892
Change %: -100%
Price: $36.15
Shares after: 0
Date: 01 Aug 2023
Ownership: By Trust
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

UNVR transaction Derivative

Deferred Stock Units

Disposed to Issuer

Transaction value: $375,743
Shares: -10,394
Change %: -100%
Price: $36.15
Shares after: 0
Date: 02 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 10,394
Exercise price
Footnotes: F2

UNVR transaction Derivative

Stock Options (right to buy)

Disposed to Issuer

Transaction value: $10,845,000
Shares: -300,000
Change %: -100%
Price: $36.15
Shares after: 0
Date: 02 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 300,000
Exercise price: $28.73
Footnotes: F2

UNVR transaction Derivative

Stock Options (right to buy)

Disposed to Issuer

Transaction value: $6,189,242
Shares: -171,210
Change %: -100%
Price: $36.15
Shares after: 0
Date: 02 Aug 2023
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 171,210
Exercise price: $26.82
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Stephen D. Newlin is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Represents shares of Univar Solutions Inc. ("Univar") common stock disposed of in connection with the Agreement and Plan of Merger ("Merger Agreement"), dated as of March 13, 2023, by and among Univar and affiliates of funds managed by Apollo Global Management, Inc. In accordance with the Merger Agreement, at the effective time, each share of Univar common stock held by the reporting person was converted into the right to receive $36.15 in cash (the "Merger Consideration").

Footnote F2

In accordance with the Merger Agreement, at the effective time, each deferred stock unit award and stock option ("Option") was cashed out based on the Merger Consideration (and less the exercise price, in the case of each Option).

SEC remarks

In connection with the transaction, the reporting person ceased to be a Section 16 reporting person.