HETE JOSEPH C bought ATSG
March 5, 2025 · Form 4 insider transaction
HETE JOSEPH C bought 101,000 shares of ATSG at $22.29 per share, a transaction worth $2.25M. The trade was recorded as grant or award and disclosed on an SEC Form 4, filed 2 days after the transaction.
Footnotes
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.