Key facts
- This page summarizes Bradford John Helgeson's Form 4 filing for COVANTA HOLDING CORP.
- 4 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 01 Dec 2021, 15:20.
Bradford John Helgeson - 30 Nov 2021 Form 4 Insider Report for COVANTA HOLDING CORP
- Reporting relationship
- Executive VP & CFO
- Issuer ticker
- N/A
- Reported as of
- 30 Nov 2021
- Net transaction value
- -$3,157,500
- SEC form
- 4
- Accepted by SEC
- 01 Dec 2021, 15:20:02 UTC
- Next SEC filing
- 08 Nov 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Bradford J. Helgeson
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Bradford John Helgeson filed Form 4 for COVANTA HOLDING CORP on 01 Dec 2021.
Change
- No earlier filing in this sequence is available for direct comparison.
- Current net transaction value: -$3,157,500.
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.
CVA
transaction
Common Stock, $.10 par value
Disposed to Issuer
- Transaction value
- Shares
- -154,581
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CVA
transaction
Derivative
Option to purchase common stock (right to buy)
Disposed to Issuer
- Transaction value
- $3,157,500
- Shares
- -250,000
- Change %
- -100%
- Price
- $12.63
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Direct
- Underlying class
- Common Stock, $.10 par value
- Underlying amount
- 250,000
- Exercise price
- $7.62
- Footnotes
- F2, F3
CVA
transaction
Derivative
Performance Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -112,166
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Direct
- Underlying class
- Common Stock, $.10 par value
- Underlying amount
- 112,166
- Exercise price
- Footnotes
- F4
CVA
transaction
Derivative
Performance Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -75,641
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 30 Nov 2021
- Ownership
- Direct
- Underlying class
- Common Stock, $.10 par value
- Underlying amount
- 75,641
- Exercise price
- Footnotes
- F5
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Bradford John Helgeson is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 5 footnotes
Footnote F1
On the date of the merger between EQT Infrastructure and the Issuer, these shares of the Issuer's common stock were contributed to a limited partnership affiliated with EQT Infrastructure in exchange for units of the limited partnership. The Issuer shares were valued at $20.25 per share which is the cash price payable to holders of the Issuer's shares in the merger (the "Merger Consideration").
Footnote F2
The stock options which provided for vesting in equal installments over three years beginning October 29, 2021, were canceled in the merger in exchange for a cash payment of $3,157,500, representing the difference between the exercise price of the option and the Merger Consideration.
Footnote F3
The stock options expire three years after vesting.
Footnote F4
Represents free cash flow per share performance stock units previously granted to the reporting person pursuant to the Issuer's equity compensation plan on March 7, 2019, March 11, 2020 and March 4, 2021. Pursuant to the merger agreement, these performance stock units were canceled and converted into the right to receive an amount in cash equal to the product of (x) the Merger Consideration and (y) the number of shares of the Issuer's common stock issuable pursuant to the performance stock units assuming performance at 142%, 200%, and 200% target levels, respectively.
Footnote F5
Represents total stockholder return performance stock units previously granted to the reporting person pursuant to the Issuer's equity compensation plan on March 7, 2019, March 11, 2020 and March 4, 2021. Pursuant to the merger agreement, these performance stock units were canceled and converted into the right to receive an amount in cash equal to the product of (x) the Merger Consideration and (y) the number of shares of the Issuer's common stock issuable pursuant to the performance stock units assuming performance at 68%, 108%, and 190% target levels, respectively.