Jorge Cintra Buckup - 01 Aug 2023 Form 4 Insider Report for Univar Solutions Inc.

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
04 Aug 2023, 14:53:26 UTC
Prior SEC filing
21 Feb 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jorge Cintra Buckup

Key filing fact

Jorge Cintra Buckup filed Form 4 for Univar Solutions Inc. on 04 Aug 2023.

Key facts

  • This page summarizes Jorge Cintra Buckup's Form 4 filing for Univar Solutions Inc..
  • 9 reported transactions and 8 derivative rows are listed below.
  • Accepted by SEC: 04 Aug 2023, 14:53.

Change

  • Previous filing in this sequence was filed on 21 Feb 2023.
  • Current net transaction value: -$2,182,629.

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
$1,032,227
Shares
-28,554
Change %
-100%
Price
$36.15
Shares after
0
Date
01 Aug 2023
Ownership
Direct
Footnotes
F1

Reported derivative securities

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

UNVR transaction Derivative

Stock Options (right to buy)

Disposed to Issuer

Transaction value
$157,252
Shares
-4,350
Change %
-100%
Price
$36.15
Shares after
0
Date
01 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,350
Exercise price
$28.73
Footnotes
F2
UNVR transaction Derivative

Stock Options (right to buy)

Disposed to Issuer

Transaction value
$178,942
Shares
-4,950
Change %
-100%
Price
$36.15
Shares after
0
Date
01 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
4,950
Exercise price
$21.75
Footnotes
F2
UNVR transaction Derivative

Stock Options (right to buy)

Disposed to Issuer

Transaction value
$143,154
Shares
-3,960
Change %
-100%
Price
$36.15
Shares after
0
Date
01 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,960
Exercise price
$26.82
Footnotes
F2
UNVR transaction Derivative

Stock Options (right to buy)

Disposed to Issuer

Transaction value
$295,346
Shares
-8,170
Change %
-100%
Price
$36.15
Shares after
0
Date
01 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
8,170
Exercise price
$22.94
Footnotes
F2
UNVR transaction Derivative

Performance-Based Restricted Stock Units

Disposed to Issuer

Transaction value
$95,870
Shares
-2,652
Change %
-100%
Price
$36.15
Shares after
0
Date
01 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,652
Exercise price
Footnotes
F2
UNVR transaction Derivative

Restricted Stock Units - 23

Disposed to Issuer

Transaction value
$117,488
Shares
-3,250
Change %
-100%
Price
$36.15
Shares after
0
Date
01 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
3,250
Exercise price
Footnotes
F2
UNVR transaction Derivative

Restricted Stock Units -21

Disposed to Issuer

Transaction value
$66,661
Shares
-1,844
Change %
-100%
Price
$36.15
Shares after
0
Date
01 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,844
Exercise price
Footnotes
F2
UNVR transaction Derivative

Restricted Stock Units- 22

Disposed to Issuer

Transaction value
$95,689
Shares
-2,647
Change %
-100%
Price
$36.15
Shares after
0
Date
01 Aug 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
2,647
Exercise price
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

Jorge Cintra Buckup 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"). In addition, pursuant to a Rollover Agreement (the "Rollover Agreement"), among Windsor Management Holdings, L.P. ("Parent"), Windsor Holdings One, Inc. ("Windsor One"), and the reporting person and affiliates of the reporting person, the reporting person contributed shares, at a value of $36.15 per share, to Windsor One and subsequently contributed shares of Windsor One to Parent in exchange for a number common and preferred units of Parent calculated pursuant to the Rollover Agreement.

Footnote F2

In accordance with the Merger Agreement, at the effective time, each restricted stock unit award ("RSU Award") other than performance-based restricted stock units ("PRSU Awards"), and stock options ("Options") was cashed out based on the Merger Consideration (and less the exercise price, in the case of each Option). Each PRSU Award became fully vested with respect to a number of shares equal to: (a) for each such award granted in 2021, 170% of the target number of shares covered by the award, (b) for each such award granted in 2022, 150% of the target number of shares covered by the award and (c) for each such award granted on or following January 1, 2023, the target number of shares covered by such award. To the extent that a PRSU Award became vested, the PRSU Award was cashed out based on the Merger Consideration.

SEC remarks

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

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