Andrew B. Coxhead - Oct 13, 2022 Form 4 Insider Report for COVETRUS, INC. (CVET)

Signature
/s/ Margaret B. Pritchard, as attorney-in-fact for Andrew B. Coxhead
Stock symbol
CVET
Transactions as of
Oct 13, 2022
Transactions value $
$0
Form type
4
Date filed
10/13/2022, 11:04 AM
Previous filing
Apr 5, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CVET Restricted Stock Units Disposed to Issuer $0 -41.6K -100% $0.00* 0 Oct 13, 2022 Common Stock 41.6K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock or the cash value thereof.
F2 Pursuant to the Merger Agreement, outstanding RSUs vested (to the extent unvested) and were terminated and cancelled in exchange for the right to receive a lump sum cash payment equal to (x) the number of Shares underlying such RSUs immediately prior to the effective time of the Merger, multiplied by (y) the Merger Consideration.

Remarks:

Vice President, Corporate Controller and Chief Accounting Officer