David E. Flitman - 30 Nov 2023 Form 4 Insider Report for Veritiv Corp

Role
Director
Signature
/s/ Susan B. Salyer, Attorney-in-Fact for David E. Flitman
Issuer symbol
N/A
Transactions as of
30 Nov 2023
Net transactions value
-$5,234,810
Form type
4
Filing time
30 Nov 2023, 12:07:46 UTC
Previous filing
07 Nov 2023
Next filing
09 Feb 2024
SEC
View on sec.gov

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 VRTV Phantom Stock Disposed to Issuer $5,234,810 -30,793 -100% $170.00 0 30 Nov 2023 Common Stock 30,793 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

David E. Flitman is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Each dividend equivalent right is the economic equivalent of one share of Common Stock.
F2 The dividend equivalent rights accrued on phantom stock previously granted to the reporting person, and are fully vested and non-forfeitable on the grant date and shall be paid to the reporting person in shares of Common Stock on the elected distribution date under the Veritiv Corporation Deferred Compensation Savings Plan, in the case of phantom stock, or within 30 days after the reporting person's termination of service as a director, in the case of deferred stock units.
F3 Each outstanding award (i) of deferred stock units of the Company and (ii) phantom stock units of the Company, whether settleable in shares of Common Stock or cash, were canceled, and each holder will receive an amount in cash equal to (i) the Merger Consideration per share of Common Stock multiplied by (ii) the number of shares of Common Stock subject to each such award, together with any cash dividends accrued.