Waddell & Reed Financial (WDR) executive Mihal returned to the company 86,578 shares

Insider transactions reported

Shawn M. Mihal (executive at Waddell & Reed Financial, Inc., WDR) reported that they returned to the company 86,578 shares on Apr 30, 2021. After these transactions the filing shows 0 shares held directly.

Reporting person

Mihal Shawn M.

Options and other derivatives

Holdings before and after

• Class A Common: 86,578 to 0 direct
• Restricted Stock Units: 15,899 to 0 direct

Footnotes from the filing

1. 1. On April 30, 2021, pursuant to the Agreement and Plan of Merger, dated as of December 2, 2020 (the Merger Agreement ), by and among Waddell & Reed Financial, Inc. (the Company ), Macquarie Management Holdings, Inc. ( Parent ), Merry Merger Sub, Inc. ( Merger Sub ), and (solely for limited purposes) Macquarie Financial Holdings Pty Ltd, Merger Sub merged with and into the Company (the Merger ), with the Company surviving the Merger as a wholly owned subsidiary of Parent.
2. 2. (Continued from footnote 1) Pursuant to the Merger Agreement, each share of Class A Common Stock of the Company, par value $0.01 (the Company Common Stock ), (including each share of restricted Company Common Stock which vested immediately prior to the effective time of the Merger (the Effective Time )) issued and outstanding immediately prior to the Effective Time (other than shares of Company Common Stock directly owned and held by Parent or Merger Sub) was converted into the right to receive $25.00 per share in cash, without interest (the Merger Consideration ) and subject to any withholding of taxes required by applicable law in accordance with the Merger Agreement.
3. 3. Pursuant to the Merger Agreement, each outstanding restricted stock unit was terminated and cancelled as of immediately prior to the Effective Time and converted into the right to receive a cash payment equal to (i) (A) the Merger Consideration, multiplied by (B) the number of shares of Company Common Stock subject to such restricted stock unit immediately prior to the Effective Time, plus (ii) the amount of any accrued but unpaid dividend equivalent rights under such restricted stock unit, net of any taxes withheld pursuant to the Merger Agreement.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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