Jay B. Knoll - 16 Dec 2024 Form 4 Insider Report for BARNES GROUP INC

Signature
Jay B. Knoll by Daniela Rivera under Power of Attorney
Issuer symbol
N/A
Transactions as of
16 Dec 2024
Net transactions value
-$533,992
Form type
4
Filing time
18 Dec 2024, 16:59:20 UTC
Previous filing
13 Aug 2024
Next filing
19 Dec 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction B Common Stock Award $0 +8,855 +34% $0.000000 34,946 16 Dec 2024 Direct F1, F2
transaction B Common Stock Tax liability $168,418 -3,575 -10% $47.11 31,371 16 Dec 2024 Direct F2, F3
transaction B Common Stock Award $0 +19,227 +61% $0.000000 50,598 16 Dec 2024 Direct F1, F2
transaction B Common Stock Tax liability $365,574 -7,760 -15% $47.11 42,838 16 Dec 2024 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects the accelerated vesting of Performance Share Awards that were scheduled to vest on February 9, 2026, and February 8, 2027, respectively, and that otherwise would have vested upon the closing of the transactions contemplated by the Agreement and Plan of Merger, dated October 6, 2024, by and among Barnes Group Inc., Goat Holdco, LLC and Goat Merger Sub, Inc. (the Merger Agreement), for the purpose of mitigating potential adverse tax consequences under Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended, in connection with the consummation of the transactions contemplated by the Merger Agreement.
F2 Includes balances of 7,699 Restricted Stock Units ("RSUs") granted 2/9/2023, 3,541 RSUs granted 2/9/2023, and 7,000 RSUs granted 2/8/2024, that are subject to forfeiture if certain events occur, and are payable in shares of common stock on or as soon as practicable following the applicable vesting date.
F3 Reflects shares withheld to satisfy income tax and remittance obligations of the reporting person in connection with the acceleration described above.