Suzi R. Herbst - 15 Mar 2023 Form 4 Insider Report for INNOVATE Corp. (VATE)

Reporting relationship: Chief Operating Officer
Issuer ticker: VATE
Reported as of: 15 Mar 2023
Net transaction value: $0
SEC form: 4
Accepted by SEC: 31 Mar 2023, 16:25:54 UTC
Prior SEC filing: 16 Mar 2023
Source filing: View source filing
Reporting owner signature: /s/ Suzi R. Herbst

Key filing fact

Suzi R. Herbst filed Form 4 for INNOVATE Corp. (VATE) on 31 Mar 2023.

Key facts

This page summarizes Suzi R. Herbst's Form 4 filing for INNOVATE Corp. (VATE).
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 31 Mar 2023, 16:25.

Change

Previous filing in this sequence was filed on 16 Mar 2023.
Current net transaction value: $0.

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.

VATE transaction

Common Stock

Award

Transaction value: $0
Shares: +85,324
Change %: +45%
Price: $0.000000
Shares after: 276,258
Date: 15 Mar 2023
Ownership: Direct
Footnotes: F1

VATE holding

Common Stock

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 9,276
Date: 15 Mar 2023
Ownership: Trusts FBO Children
Footnotes: F2

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

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote F1

Reflects shares of restricted stock granted pursuant to the INNOVATE Corp. (f/k/a HC2 Holdings, Inc.) 2014 Omnibus Equity Award Plan (the "Plan"). Shares will vest and become exercisable in three installments of one-third each on the first, second and third anniversaries of the Date of Grant (each a "Vesting Date"), subject to the continued employment of the Reporting Person on the applicable Vesting Date.

Footnote F2

The shares of common stock reported herein are held in two trusts, each trust for the benefit of one of the Reporting Person's children. The Reporting Person's spouse serves as trustee for each trust. The Reporting Person disclaims beneficial ownership of all securities held by such trusts except to the extent of her pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.