Key facts
- This page summarizes Kevin Baird's Form 4 filing for TENNECO INC.
- 4 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 21 Nov 2022, 15:27.
Kevin Baird - 17 Nov 2022 Form 4 Insider Report for TENNECO INC
- Reporting relationship
- Executive Vice President*
- Issuer ticker
- N/A
- Reported as of
- 17 Nov 2022
- Net transaction value
- -$12,912,940
- SEC form
- 4
- Accepted by SEC
- 21 Nov 2022, 15:27:34 UTC
- Prior SEC filing
- 05 Aug 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ Ashley L. Bancroft, Attorney-in-fact for Kevin Baird
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Kevin Baird filed Form 4 for TENNECO INC on 21 Nov 2022.
Change
- Previous filing in this sequence was filed on 05 Aug 2022.
- Current net transaction value: -$12,912,940.
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.
TEN
transaction
Class A Common Stock
Disposed to Issuer
- Transaction value
- $2,966,360
- Shares
- -148,318
- Change %
- -100%
- Price
- $20.00
- Shares after
- 0
- Date
- 17 Nov 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
TEN
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- $3,139,800
- Shares
- -156,990
- Change %
- -100%
- Price
- $20.00
- Shares after
- 0
- Date
- 17 Nov 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 156,990
- Exercise price
- Footnotes
- F2
TEN
transaction
Derivative
Cash-Settled Performance Share Units
Award
- Transaction value
- $0
- Shares
- +340,339
- Change %
- Price
- $0.000000
- Shares after
- 340,339
- Date
- 17 Nov 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 340,339
- Exercise price
- Footnotes
- F3
TEN
transaction
Derivative
Cash-Settled Performance Share Units
Disposed to Issuer
- Transaction value
- $6,806,780
- Shares
- -340,339
- Change %
- -100%
- Price
- $20.00
- Shares after
- 0
- Date
- 17 Nov 2022
- Ownership
- Direct
- Underlying class
- Class A Common Stock
- Underlying amount
- 340,339
- 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
Kevin Baird 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
Reflects disposition upon completion of the merger (the "Merger") of Pegasus Merger Co. ("Merger Sub"), a wholly owned subsidiary of Pegasus Holdings III, LLC ("Parent"), with and into the Issuer, effective November 17, 2022. Pursuant to the Agreement and Plan of Merger, dated as of February 22, 2022, by and among the Issuer, Parent and Merger Sub (the "Merger Agreement"), upon completion of the Merger, each outstanding share of the Issuer's Class A Common Stock was converted into the right to receive $20.00 per share (the "Merger Consideration") in cash.
Footnote F2
Reflects disposition of share-settled restricted stock units granted to the Reporting Person pursuant to Rule 16b-3. Pursuant to the Merger Agreement, upon completion of the Merger, each outstanding share-settled restricted stock unit of the Issuer became fully vested and was converted into the right to receive in cash an amount equal to the Merger Consideration multiplied by the number of shares underlying the award (subject to any applicable tax withholding).
Footnote F3
Pursuant to the Merger Agreement, upon completion of the Merger, the outstanding cash-settled performance share units became vested at target level.
Footnote F4
Pursuant to the Merger Agreement, upon completion of the Merger, the outstanding cash-settled performance share units were cancelled in exchange for the right to receive an amount in cash equal to the Merger Consideration multiplied by the number of shares underlying the award (subject to any applicable tax withholding).
SEC remarks
*and Chief Operating Officer