James C. Takacs - Jul 1, 2025 Form 4 Insider Report for SERVOTRONICS INC /DE/ (SVT)

Role
Chief Technical Officer
Signature
/s/ Michael C. Donlon, Attorney-in-Fact for James C. Takacs
Stock symbol
SVT
Transactions as of
Jul 1, 2025
Transactions value $
$0
Form type
4
Date filed
7/1/2025, 05:05 PM
Previous filing
Apr 3, 2025
SEC
View on sec.gov

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Takacs James C Chief Technical Officer 1110 MAPLE STREET, PO BOX 300, ELMA /s/ Michael C. Donlon, Attorney-in-Fact for James C. Takacs 2025-07-01 0001574951

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVT Common Stock Tax liability -812 -5.86% 13.1K Jul 1, 2025 Direct F1
transaction SVT Common Stock Disposition pursuant to a tender of shares in a change of control transaction -11.8K -90.09% 1.29K Jul 1, 2025 Direct F2
transaction SVT Common Stock Disposed to Issuer -1.29K -100% 0 Jul 1, 2025 Direct F3
transaction SVT Common Stock Disposition pursuant to a tender of shares in a change of control transaction -21.7K -100% 0 Jul 1, 2025 By ESOP F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

James C. Takacs is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 On the indicated date, the Reporting Person instructed the Issuer to withhold shares of Common Stock to cover tax withholding obligations upon the vesting of restricted stock as permitted under the Servotronics, Inc. 2022 Equity Incentive Plan.
F2 Pursuant to the terms of that certain Agreement and Plan of Merger, dated as of May 18, 2025, by and among Servotronics, Inc., TransDigm Inc. and TDG Rise Merger Sub, Inc., as amended by Amendment No. 1 thereto dated May 28, 2025 (as amended, the "Merger Agreement"), the reported securities were tendered prior to the Expiration Date (as defined in the Merger Agreement) and disposed of at the Acceptance Time (as defined in the Merger Agreement) in exchange for $47.00 per share, payable in cash at closing, without interest and subject to reduction for any applicable withholding of taxes (the "Offer Consideration").
F3 Pursuant to the Merger Agreement, each share of the Issuer's Common Stock not previously tendered by the Reporting Person was cancelled and converted into the right to receive an amount in cash equal to the Offer Consideration. The reported securities consists of shares of restricted stock that were previously awarded to the Reporting Person that vested on July 1, 2025 upon a Change in Control (as defined in the Servotronics, Inc. 2022 Equity Incentive Plan).