Key facts
- This page summarizes Dean A. Adelman's Form 4 filing for Veritiv Corp.
- 3 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 30 Nov 2023, 12:06.
Dean A. Adelman - 30 Nov 2023 Form 4 Insider Report for Veritiv Corp
- Reporting relationship
- SVP and Chief HR Officer
- Issuer ticker
- N/A
- Reported as of
- 30 Nov 2023
- Net transaction value
- -$5,440,170
- SEC form
- 4
- Accepted by SEC
- 30 Nov 2023, 12:06:07 UTC
- Prior SEC filing
- 27 Nov 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Susan B. Salyer, Attorney-in-Fact for Dean A. Adelman
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Dean A. Adelman filed Form 4 for Veritiv Corp on 30 Nov 2023.
Change
- Previous filing in this sequence was filed on 27 Nov 2023.
- Current net transaction value: -$5,440,170.
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.
VRTV
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $2,348,040
- Shares
- -13,812
- Change %
- -100%
- Price
- $170.00
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- Direct
- Footnotes
- F1
VRTV
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $2,155,770
- Shares
- -12,681
- Change %
- -100%
- Price
- $170.00
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- Direct
- Footnotes
- F2
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VRTV
transaction
Derivative
Performance Share Units
Disposed to Issuer
- Transaction value
- $936,360
- Shares
- -5,508
- Change %
- -100%
- Price
- $170.00
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 5,508
- Exercise price
- Footnotes
- F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Dean A. Adelman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
Pursuant to the Agreement and Plan of Merger, dated as of August 6, 2023 (as it has been or may be amended, supplemented, waived or otherwise modified in accordance with its terms, the "Merger Agreement") by and among Veritiv Corporation (the "Company"), Verde Purchaser, LLC, a Delaware limited liability company ("Parent") that is affiliated with Clayton, Dubilier & Rice, LLC, and Verde Merger Sub, Inc., a Delaware corporation and a wholly-owned subsidiary of Parent, on November 30, 2023 (the "Effective Time"), each issued and outstanding share of the Company's common stock, par value $0.01 per share ("Common Stock"), was cancelled and converted into the right to receive $170 per share in cash, without interest (the "Merger Consideration").
Footnote F2
Pursuant to the Merger Agreement, at the Effective Time, each then outstanding award of service-based restricted stock units of the Company (each, a "Company RSU Award"), whether or not vested, and whether settleable in shares of Common Stock or cash, was cancelled, and each holder will receive an amount in cash equal to (i) the Merger Consideration per share of Common Stock multiplied by (ii) the number of shares of Common Stock subject to such Company RSU Award.
Footnote F3
The performance share units (each, a "Company PSU Award") were eligible to be earned based on achievement of pre-established performance goals during the respective performance period (January 1, 2022 - December 31, 2024, and January 1, 2023 - December 31, 2025).
Footnote F4
Pursuant to the Merger Agreement, at the Effective Time, each then outstanding Company PSU Award, whether or not vested, and whether settleable in shares of Common Stock or cash, was cancelled, and each holder will receive an amount in cash equal to (i) the Merger Consideration per share of Common Stock multiplied by (ii) the target number of performance share units subject to such Company PSU Award.