JOHN L. LAHEY - 23 Dec 2024 Form 4 Insider Report for Avangrid, Inc. (AGR)

Role
Director
Signature
/s/ Elizabeth K. Riotte by Power of Attorney
Issuer symbol
AGR
Transactions as of
23 Dec 2024
Net transactions value
-$3,336,288
Form type
4
Filing time
23 Dec 2024, 17:10:08 UTC
Previous filing
16 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction AGR Common Stock Disposed to Issuer $788,206 -22,048 -100% $35.75 0 23 Dec 2024 Direct F1

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 AGR Restricted Stock Units Disposed to Issuer $2,548,081 -71,275 -100% $35.75 0 23 Dec 2024 Common Stock 71,275 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

JOHN L. LAHEY is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of May 17, 2024, by and among the Issuer, Iberdrola, S.A., and Arizona Merger Sub, Inc., pursuant to which Arizona Merger Sub, Inc. merged with and into the Issuer with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of Iberdrola, S.A. in exchange for $35.75 (the per share merger consideration set forth in the Merger Agreement).
F2 Restricted stock units represent restricted shares granted to the reporting person and deferred under Avangrid's Deferred Compensation Plan ("DCP") and were cancelled pursuant to the Merger Agreement in exchange for cash equal to $35.75 multiplied by the number restricted stock units held by the reporting person in the DCP.