Forterra (FRTA) director Sarrazin returned to the company 24,732 shares at $24.00

Insider transactions reported

Jacques Sarrazin (director at Forterra Inc., FRTA) reported that they returned to the company 24,732 shares at $24.00 on Mar 18, 2022. After these transactions the filing shows 0 shares held directly.

Reporting person

Sarrazin Jacques

Options and other derivatives

Holdings before and after

• Common Stock: 24,732 to 0 direct
• Stock Option (Right to Buy): 2,810 to 0 direct
• Restricted Stock Unit: 4,284 to 0 direct

Footnotes from the filing

1. 1. Pursuant to the Agreement and Plan of Merger, dated as of February 19, 2021 (the Merger Agreement ), by and among Forterra, Inc., a Delaware corporation, (the Company , Quikrete Holdings, Inc., a Delaware corporation ( Parent ), and Jordan Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Parent ( Merger Sub ), Merger Sub merged with and into the Company (the Merger ), with the Company continuing as the surviving corporation in the Merger and a wholly owned subsidiary of Parent. Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock, par value $0.001 per share, of the Company ( Common Stock ) was canceled and converted automatically into the right to receive $24.00 per share in cash, without interest and less any applicable tax withholdings.
2. 2. Pursuant to the Merger Agreement, each option to purchase shares of Common Stock immediately prior to the effective time of the Merger fully vested and converted into the right to receive, without interest and less any applicable tax withholdings, $24.00 in cash.
3. 3. Stock options vested on October 19, 2017.
4. 4. Each restricted stock unit represents the right to receive, at settlement, one share of common stock.
5. 5. Pursuant to the Merger Agreement, each restricted stock unit immediately prior to the effective time of the Merger fully vested and converted into the right to receive, without interest and less any applicable tax withholdings, $24.00 in cash.

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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