Charles Rodney Brown - 18 Mar 2022 Form 4 Insider Report for Forterra, Inc.

Reporting relationship: EVP & Chief Financial Officer
Issuer ticker: N/A
Reported as of: 18 Mar 2022
Net transaction value: +$6,078,096
SEC form: 4
Accepted by SEC: 18 Mar 2022, 17:43:06 UTC
Prior SEC filing: 15 Mar 2022
Source filing: View source filing
Reporting owner signature: /s/ Lori M. Browne, attorney-in-fact for Charles Rodney Brown

Key filing fact

Charles Rodney Brown filed Form 4 for Forterra, Inc. on 18 Mar 2022.

Key facts

This page summarizes Charles Rodney Brown's Form 4 filing for Forterra, Inc..
5 reported transactions and 4 derivative rows are listed below.
Accepted by SEC: 18 Mar 2022, 17:43.

Change

Previous filing in this sequence was filed on 15 Mar 2022.
Current net transaction value: +$6,078,096.

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.

FRTA transaction

Common Stock

Disposed to Issuer

Transaction value: $6,078,096
Shares: +253,254
Change %
Price: $24.00
Shares after: 0
Date: 18 Mar 2022
Ownership: Direct
Footnotes: F1

Reported derivative securities

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

FRTA transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -271,084
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 271,084
Exercise price: $4.23
Footnotes: F2, F3, F4

FRTA transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -176,680
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 176,680
Exercise price: $7.29
Footnotes: F2, F4, F5

FRTA transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value: $0
Shares: -197,351
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 197,351
Exercise price: $4.24
Footnotes: F2, F4, F6

FRTA transaction Derivative

Restricted Stock Unit

Disposed to Issuer

Transaction value: $0
Shares: -87,105
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 18 Mar 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 87,105
Exercise price
Footnotes: F4, F7, F8

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Charles Rodney Brown is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 8 footnotes

Footnote F1

Pursuant to the Agreement and Plan of Merger, dated as of February 19, 2021 (the "Merger Agreement"), by and among Forterra, Inc., a Delaware corporation, (the "Company", Quikrete Holdings, Inc., a Delaware corporation ("Parent"), and Jordan Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger Sub merged with and into the Company (the "Merger"), with the Company continuing as the surviving corporation in the Merger and a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, par value $0.001 per share, of the Company ("Common Stock") was canceled and converted automatically into the right to receive $24.00 per share in cash, without interest and less any applicable tax withholdings.

Footnote F2

Pursuant to the Merger Agreement, each option to purchase shares of Common Stock immediately prior to the effective time of the Merger fully vested and converted into the right to receive, without interest and less any applicable tax withholdings, $24.00 in cash.

Footnote F3

Vested in equal annual installments on 9/25/2018, 9/25/2019 and 9/25/2020.

Footnote F4

Granted as compensation for services.

Footnote F5

Vested in equal annual installments on 3/1/2019, 3/1/2020 and 3/1/2021.

Footnote F6

ested in equal annual installments on 3/14/2020, 3/14/2021 and 3/14/2022.

Footnote F7

Each restricted stock unit represents the right to receive, at settlement, one share of common stock.

Footnote F8

Pursuant to the Merger Agreement, each restricted stock unit immediately prior to the effective time of the Merger fully vested and converted into the right to receive, without interest and less any applicable tax withholdings, $24.00 in cash.