Iberdrola, S.A. - 23 Dec 2024 Form 4 Insider Report for Avangrid, Inc.

Reporting relationship: 10%+ Owner
Issuer ticker: N/A
Reported as of: 23 Dec 2024
Net transaction value: +$2,550,790,814
SEC form: 4
Accepted by SEC: 23 Dec 2024, 17:29:54 UTC
Prior SEC filing: 19 May 2021
Source filing: View source filing
Reporting owner signature: /s/ David Jose Mesonero Molina

Key filing fact

Iberdrola, S.A. filed Form 4 for Avangrid, Inc. on 23 Dec 2024.

Key facts

This page summarizes Iberdrola, S.A.'s Form 4 filing for Avangrid, Inc..
1 reported transaction and 0 derivative rows are listed below.
Accepted by SEC: 23 Dec 2024, 17:29.

Change

Previous filing in this sequence was filed on 19 May 2021.
Current net transaction value: +$2,550,790,814.

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.

AGR transaction

Common Stock

Purchase

Transaction value: $2,550,790,814
Shares: +71,350,792
Change %
Price: $35.75
Shares after: 0
Date: 23 Dec 2024
Ownership: Direct
Footnotes: F1

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

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Iberdrola, S.A. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 1 footnote

Footnote F1

Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 17, 2024, by and among the Issuer, the Reporting Person and Arizona Merger Sub, Inc., a wholly owned subsidiary of Reporting Person ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer surviving the Merger and becoming a wholly owned subsidiary of the Reporting Person. At the Effective Time, each share of Common Stock issued and outstanding immediately prior to the Effective Time (other than the "Excluded Shares," which included the Common Stock held by the Reporting Person) was converted into a right to receive $35.75 per share of Common Stock in cash, without interest. At the Effective Time, (i) all shares of Common Stock ceased to be outstanding, were cancelled and ceased to exist and (ii) each Excluded Share ceased to be outstanding and was cancelled without payment of any consideration and ceased to exist.