Kenneth L. Young - 17 May 2021 Form 4 Insider Report for Aegion Corp

Reporting relationship: SVP, Treasury and Tax
Issuer ticker: N/A
Reported as of: 17 May 2021
Net transaction value: $0
SEC form: 4
Accepted by SEC: 19 May 2021, 18:32:03 UTC
Source filing: View source filing
Reporting owner signature: /s/ Mark A. Menghini, as Attorney-in-Fact for Kenneth L. Young

Key filing fact

Kenneth L. Young filed Form 4 for Aegion Corp on 19 May 2021.

Key facts

This page summarizes Kenneth L. Young's Form 4 filing for Aegion Corp.
2 reported transactions and 0 derivative rows are listed below.
Accepted by SEC: 19 May 2021, 18:32.

Change

No earlier filing in this sequence is available for direct comparison.
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.

AEGN transaction

Common Stock

Award

Transaction value
Shares: +9,909
Change %: +37%
Price
Shares after: 36,909
Date: 17 May 2021
Ownership: Direct
Footnotes: F1

AEGN transaction

Common Stock

Disposed to Issuer

Transaction value
Shares: -36,909
Change %: -100%
Price
Shares after: 0
Date: 17 May 2021
Ownership: Direct
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

Kenneth L. Young 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 Common Stock (each, a "Share"), par value $0.01 per share, of Aegion Corporation (the "Company") that are subject to performance units ("PUs"). On May 17, 2021, Carter Acquisition, Inc., a Delaware corporation ("Merger Sub") and a wholly-owned subsidiary of Carter Intermediate, Inc., a Delaware corporation ("Parent"), merged with and into the Company, with the Company continuing as the surviving corporation (the "Merger"), pursuant to the previously announced Agreement and Plan of Merger, dated February 16, 2021 and amended on March 13, 2021 and April 13, 2021 (the "Merger Agreement") among Parent, Merger Sub and the Company. Pursuant to the Merger Agreement, each PU outstanding immediately prior to the consummation of the Merger became fully vested based on the greater of target and actual performance (as applicable).

Footnote F2

At the effective time of the Merger: (a) each outstanding Share was cancelled and thereafter entitled the Reporting Person to receive $30 in cash without interest and less any applicable tax withholdings (the "Merger Consideration") and (b) each restricted stock unit, PU, and deferred stock unit (each a "Stock Unit") outstanding immediately prior to the consummation of the Merger became fully vested (to the extent unvested) and was canceled and converted into the right to receive, for each Share subject to such then-vested Stock Unit, the Merger Consideration.