Munchel Patricia M.C. 4
4 · PAE Inc · Filed Feb 16, 2022
Insider Transaction Report
Form 4
PAE IncPAE
Munchel Patricia M.C.
EVP & CHRO
Transactions
- Disposition to Issuer
Class A Common Stock
2022-02-15−56,569→ 0 total - Disposition to Issuer
Performance Restricted Stock Units
2022-02-15−66,709→ 0 total→ Class A Common Stock (66,709 underlying) - Disposition to Issuer
Restricted Stock Units
2022-02-15−30,034→ 0 total→ Class A Common Stock (30,034 underlying) - Award
Performance Restricted Stock Units
2022-02-15+66,709→ 66,709 total→ Class A Common Stock (66,709 underlying) - Disposition to Issuer
Restricted Stock Units
2022-02-15−7,219→ 0 total→ Class A Common Stock (7,219 underlying)
Footnotes (3)
- [F1]At the effective time of the merger contemplated by the Agreement and Plan of Merger, dated October 25, 2021, among PAE Incorporated (the "Company"), Amentum Government Services Holdings LLC, and Pinnacle Virginia Merger Sub Inc. (the "Merger"), each issued and outstanding share of Class A common stock of the Company held by the Reporting Person was converted into the right to receive $10.05 in cash, without interest and less applicable withholding taxes.
- [F2]At the effective time of the Merger, each issued and outstanding Restricted Stock Unit ("RSU"), whether vested or unvested, held by the Reporting Person was cancelled and converted into the right to receive (without interest and less applicable withholding taxes) an amount in cash equal to (i) the number of shares of Class A Common Stock underlying each such RSU multiplied by (ii) $10.05.
- [F3]At the effective time of the Merger, each issued and outstanding Performance Restricted Stock Unit ("PSU"), to the extent unvested, vested at the target level of performance and was cancelled and converted into the right to receive (without interest and less applicable withholding taxes) an amount in cash equal to (i) the number of shares of Class A Common Stock underlying such vested PSU award multiplied by (ii) $10.05.