Key facts
- This page summarizes Charles G. Ward III's Form 4 filing for Veritiv Corp.
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 30 Nov 2023, 12:08.
Charles G. Ward III - 30 Nov 2023 Form 4 Insider Report for Veritiv Corp
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 30 Nov 2023
- Net transaction value
- -$8,371,990
- SEC form
- 4
- Accepted by SEC
- 30 Nov 2023, 12:08:27 UTC
- Prior SEC filing
- 07 Nov 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Susan B. Salyer, Attorney-in-Fact for Charles G. Ward, III
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Charles G. Ward III filed Form 4 for Veritiv Corp on 30 Nov 2023.
Change
- Previous filing in this sequence was filed on 07 Nov 2023.
- Current net transaction value: -$8,371,990.
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
- $2,550,000
- Shares
- -15,000
- Change %
- -100%
- Price
- $170.00
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
VRTV
transaction
Derivative
Phantom Stock
Disposed to Issuer
- Transaction value
- $5,265,410
- Shares
- -30,973
- Change %
- -100%
- Price
- $170.00
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 30,973
- Exercise price
- Footnotes
- F2, F3, F4
VRTV
transaction
Derivative
Deferred Share Unit (Stock Settled)
Disposed to Issuer
- Transaction value
- $556,580
- Shares
- -3,274
- Change %
- -100%
- Price
- $170.00
- Shares after
- 0
- Date
- 30 Nov 2023
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 3,274
- Exercise price
- Footnotes
- F2, 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
Charles G. Ward III 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
Each dividend equivalent right is the economic equivalent of one share of Common Stock.
Footnote F3
The dividend equivalent rights accrued on phantom stock previously granted to the reporting person, and are fully vested and non-forfeitable on the grant date and shall be paid to the reporting person in shares of Common Stock on the elected distribution date under the Veritiv Corporation Deferred Compensation Savings Plan, in the case of phantom stock, or within 30 days after the reporting person's termination of service as a director, in the case of deferred stock units.
Footnote F4
Each outstanding award (i) of deferred stock units of the Company and (ii) phantom stock units of the Company, whether settleable in shares of Common Stock or cash, were canceled, 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 each such award, together with any cash dividends accrued.