Chris Villavarayan - 01 Dec 2021 Form 4 Insider Report for MERITOR, INC. (MTOR)

Role: CEO & President
Signature: /s/ Chris Villavarayan, By: Carl D. Anderson, II, Attorney-in-fact
Issuer symbol: MTOR
Transactions as of: 01 Dec 2021
Net transactions value: -$739,135
Form type: 4
Filing time: 03 Dec 2021, 15:46:09 UTC
Previous filing: 15 Nov 2021
Next filing: 10 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MTOR	Common Stock	Options Exercise	$0	+39,400	+91%	$0.000000	82,532	01 Dec 2021	Direct	F1
transaction	MTOR	Common Stock	Options Exercise	$0	+26,666	+32%	$0.000000	109,198	01 Dec 2021	Direct	F1
transaction	MTOR	Common Stock	Sale	$739,135	-29,326	-27%	$25.20	79,872	02 Dec 2021	Direct	F2, F3
holding	MTOR	Common Stock						5,723	01 Dec 2021	Meritor Savings Plan	F4

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	MTOR	Restricted Share Units	Options Exercise	$0	-39,400	-100%	$0.000000^*	0	01 Dec 2021	Common Stock	39,400	$0.000000	Direct	F1
transaction	MTOR	Restricted Share Units	Options Exercise	$0	-26,666	-100%	$0.000000^*	0	01 Dec 2021	Common Stock	26,666	$0.000000	Direct	F1
transaction	MTOR	Restricted Share Units	Award	$0	+76,647		$0.000000	76,647	01 Dec 2021	Common Stock	76,647	$0.000000	Direct	F5
holding	MTOR	Restricted Share Units						50,522	01 Dec 2021	Common Stock	50,522	$0.000000	Direct	F6
holding	MTOR	Restricted Share Units						21,720	01 Dec 2021	Common Stock	21,720	$0.000000	Direct	F7
holding	MTOR	Restricted Share Units						6,472	01 Dec 2021	Common Stock	6,472	$0.000000	Direct	F8
holding	MTOR	Restricted Share Units						17,426	01 Dec 2021	Common Stock	17,426	$0.000000	Direct	F9
holding	MTOR	Common Stock Share Equivalents						8,560	01 Dec 2021	Common Stock	8,560	$0.000000	Meritor Supplemental Savings Plan	F10

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects vesting of Restricted Share Units ("RSUs") on December 1, 2021.
F2	The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of RSUs.
F3	The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $24.67 to $25.74, inclusive. The reporting person undertakes to provide to Meritor, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
F4	Shares purchased periodically and held in Company common stock funds in an employee benefit trust fund established under the Meritor, Inc. Savings Plan, based on information furnished by the plan administrator as of December 1, 2021.
F5	Acquisition of RSUs as equity compensation. The date of grant of the RSUs was December 1, 2021. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F6	The date of grant of the RSUs was May 6, 2021. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F7	The date of grant of the RSUs was December 1, 2020. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F8	The date of grant of the RSUs was February 3, 2020. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F9	The date of grant of the RSUs was December 1, 2019. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
F10	Between November 10, 2021 and December 1, 2021, the reporting person acquired 60 share equivalents related to Company common stock held under the Meritor, Inc. Supplemental Savings Plan, based on information furnished by the plan administrator as of December 1, 2021.