Yuri Hermida - 12 Mar 2024 Form 4/A Insider Report for Sovos Brands, Inc.

Source evidence Original filing metadata and source links for verification. 6 source fields
SEC form
4/A
Accepted by SEC
15 Mar 2024, 11:49:03 UTC
Original report date
14 Mar 2024
Prior SEC filing
14 Feb 2024
Next SEC filing
08 Oct 2024
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Isobel A. Jones, Attorney-in-Fact

Key filing fact

Yuri Hermida filed Form 4/A for Sovos Brands, Inc. on 15 Mar 2024.

Key facts

  • This page summarizes Yuri Hermida's Form 4/A filing for Sovos Brands, Inc..
  • 3 reported transactions and 0 derivative rows are listed below.
  • Accepted by SEC: 15 Mar 2024, 11:49.

Change

  • Previous filing in this sequence was filed on 14 Feb 2024.
  • Current net transaction value: $0.

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/A disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

SOVO transaction

Common Stock

Award

Transaction value
$0
Shares
+94,964
Change %
+31%
Price
$0.000000
Shares after
402,053
Date
12 Mar 2024
Ownership
Direct
Footnotes
F1
SOVO transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-48,433
Change %
-12%
Price
Shares after
353,620
Date
12 Mar 2024
Ownership
Direct
Footnotes
F2, F3
SOVO transaction

Common Stock

Disposed to Issuer

Transaction value
Shares
-353,620
Change %
-100%
Price
Shares after
0
Date
12 Mar 2024
Ownership
Direct
Footnotes
F2, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Yuri Hermida 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

Represents relative total shareholder return (rTSR) performance-based restricted stock units for which performance achievement was certified in connection with the Merger as defined in footnote 2. Numbers reported reflect such certified performance.

Footnote F2

Disposed of in connection with the acquisition of the Issuer (the "Merger") by Campbell Soup Company (Campbell's) pursuant to the Agreement and Plan of Merger dated August 7, 2023 (the "Merger Agreement"), among Campbell's, Premium Products Merger Sub, Inc., and the Issuer.

Footnote F3

Shares of Issuer common stock were cancelled and converted into the right to receive an amount in cash of $23.00 per share pursuant to the Merger Agreement.

Footnote F4

Restricted stock units and certified rTSR performance-based restricted units previously granted to the Reporting Person by the Issuer were cancelled and converted into Campbell's restricted stock units in respect of Campbell's common stock at an exchange ratio of 0.5374 with the same vesting terms as the original grant pursuant to the Merger Agreement.

SEC remarks

The original Form 4, filed on March 14, 2023 ("Original Form 4"), is being amended by this Form 4 amendment solely to correct the Reporting Person's title. The Form 4 amendment restates all other information included in the Original Form 4 without any changes.

We use cookies and similar technologies to provide certain features, enhance the user experience and, if you allow them, measure engagement and deliver advertising. Analytics and marketing storage stay off until you grant consent. By clicking on "Agree and continue", you declare your consent to the use of the selected optional cookies. Manage preferences to update or revoke optional consent for future visits. For more information, see our Privacy Policy .