Eleanor P. Cabrere - 01 Jul 2021 Form 4 Insider Report for NAVISTAR INTERNATIONAL CORP

Source evidence Original filing metadata and source links for verification. 3 source fields
SEC form
4
Accepted by SEC
02 Jul 2021, 10:28:01 UTC
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Eleanor P. Cabrere

Key filing fact

Eleanor P. Cabrere filed Form 4 for NAVISTAR INTERNATIONAL CORP on 02 Jul 2021.

Key facts

  • This page summarizes Eleanor P. Cabrere's Form 4 filing for NAVISTAR INTERNATIONAL CORP.
  • 2 reported transactions and 1 derivative row are listed below.
  • Accepted by SEC: 02 Jul 2021, 10:28.

Change

  • No earlier filing in this sequence is available for direct comparison.
  • Current net transaction value: -$136,259.

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.

NAV transaction

Common Stock

Disposed to Issuer

Transaction value
$120,417
Shares
-2,706
Change %
-100%
Price
$44.50
Shares after
0
Date
01 Jul 2021
Ownership
Direct
Footnotes
F1

Reported derivative securities

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

NAV transaction Derivative

Restricted Stock Units

Disposed to Issuer

Transaction value
$15,842
Shares
-356
Change %
-100%
Price
$44.50
Shares after
0
Date
01 Jul 2021
Ownership
Direct
Underlying class
Common Stock
Underlying amount
356
Exercise price
Footnotes
F2, F3
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Eleanor P. Cabrere is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 3 footnotes

Footnote F1

Pursuant to that certain Agreement and Plan of Merger, dated as of November 7, 2020 (the "Merger Agreement"), by and among Navistar International Corporation, a Delaware Corporation (the "Issuer"), TRATON SE, a Societas Europaea ("TRATON") and Dusk Inc., a Delaware Corporation and a wholly owned indirect subsidiary of TRATON ("Merger Sub"), Merger Sub was merged with and into the Issuer (the "Merger") with the Issuer continuing as the surviving corporation and an indirect subsidiary of TRATON (the "Surviving Corporation"). As a result of the Merger, each share of Issuer Common Stock was automatically converted into the right to receive an amount in cash equal to $44.50 (the "Merger Consideration").

Footnote F2

Each restricted stock unit (RSU) represented the right to receive the cash equivalent of Navistar's common stock converted on a 1 to 1 basis.

Footnote F3

Pursuant to the Merger Agreement, each RSU was canceled and converted into the right to receive an amount in cash equal to the product obtained by multiplying (a) $44.50, by (b) the total number of shares of Issuer Common Stock underlying such award. These RSUs were from a grant of 1,068 shares granted on February 13, 2019, that have been paid in cash as to 356 shares on February 13, 2020; and as to 356 shares on February 13, 2021; the remaining 356 shares, which were settled pursuant to the Merger, were scheduled to vest and pay out on February 13, 2022.

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