Felicia D. Thornton - Apr 1, 2025 Form 4 Insider Report for Pactiv Evergreen Inc. (PTVE)

Role
Director
Signature
/s/ Tyler T. Rosenbaum, by Power of Attorney
Stock symbol
PTVE
Transactions as of
Apr 1, 2025
Transactions value $
$0
Form type
4
Date filed
4/1/2025, 12:11 PM
Previous filing
Feb 25, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PTVE Common Stock Award $0 +161 +0.27% $0.00 60.1K Apr 1, 2025 Direct F1
transaction PTVE Common Stock Disposed to Issuer -60.1K -100% 0 Apr 1, 2025 Direct F2, F3
transaction PTVE Common Stock Disposed to Issuer -12.3K -100% 0 Apr 1, 2025 See Footnote F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Felicia D. Thornton is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents additional shares acquired by the reporting person in connection with the settlement of dividend equivalent rights upon the accelerated vesting of the reporting person's outstanding restricted stock units ("RSUs"), as described below.
F2 On April 1, 2025, pursuant to the Agreement and Plan of Merger dated as of December 9, 2024 (the "Merger Agreement"), by and among the Issuer, Novolex Holdings, LLC (the "Parent") and Alpha Lion Sub, Inc. ("Merger Sub"), Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of the Parent.
F3 Pursuant to the Merger Agreement, each share of the Issuer's common stock and each unvested RSU, including any dividend equivalent rights accrued thereon, was canceled and converted into the right to receive $18.00 in cash, without interest.
F4 Shares were held by The Thornton Family Revocable Trust u/a/d 7/12/2006, of which Ms. Thornton is a Trustee.