Joseph C. Hete - Mar 5, 2025 Form 4 Insider Report for Air Transport Services Group, Inc. (ATSG)

Signature
/s/ W. Joseph Payne for Joseph C. Hete
Stock symbol
ATSG
Transactions as of
Mar 5, 2025
Transactions value $
$2,251,290
Form type
4
Date filed
3/7/2025, 04:05 PM
Previous filing
Apr 9, 2025
Next filing
Mar 27, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ATSG Common Stock Award $2.25M +101K +15.8% $22.29 740K Mar 5, 2025 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
holding ATSG Restricted Stock Units 5.29K Mar 5, 2025 Common Stock 5.29K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares represent the grant of a restricted stock award to the reporting person for his regular fiscal year 2025 award under the Company's Amended and Restated 2015 Long-Term Incentive Plan. These shares of restricted stock will vest on December 31, 2027, subject to earlier vesting on certain qualifying termination events. In addition, pursuant to the Agreement and Plan of Merger by and between the Company, Stonepeak Nile Parent LLC, a Delaware limited liability company and Stonepeak Nile MergerCo Inc., a Delaware corporation and wholly-owned subsidiary of Parent, dated as of November 3, 2024 (the "Merger Agreement"), at the closing of the transactions contemplated by the Merger Agreement, this restricted stock will be converted into the right to receive a cash payment equal to the merger consideration upon the satisfaction of the vesting conditions applicable to the restricted stock.
F2 The restricted stock units will be exchanged for common stock on a one-to-one basis.
F3 These units will settle when Mr. Hete's board service ends.
F4 There is no expiration date.

Remarks:

POA on file.