Filing Details
- Accession Number:
- 0001113256-21-000136
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2021-12-03 16:44:01
- Reporting Period:
- 2021-12-01
- Accepted Time:
- 2021-12-03 16:44:01
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1113256 | Meritor Inc. | MTOR | Motor Vehicle Parts & Accessories (3714) | 383354643 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1770503 | Ii Douglas Carl Anderson | C/O Meritor, Inc 2135 West Maple Road Troy MI 48084-7186 | Svp And Cfo | No | Yes | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2021-12-01 | 7,163 | $0.00 | 23,616 | No | 4 | M | Direct | |
| Common Stock | Acquisiton | 2021-12-01 | 4,848 | $0.00 | 28,464 | No | 4 | M | Direct | |
| Common Stock | Disposition | 2021-12-02 | 5,337 | $25.20 | 23,127 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Share Units | Disposition | 2021-12-01 | 7,163 | $0.00 | 7,163 | $0.00 |
| Common Stock | Restricted Share Units | Disposition | 2021-12-01 | 4,848 | $0.00 | 4,848 | $0.00 |
| Common Stock | Restricted Share Units | Acquisiton | 2021-12-01 | 19,742 | $0.00 | 19,742 | $0.00 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 0 | No | 4 | M | Direct | ||
| 0 | No | 4 | M | Direct | ||
| 19,742 | No | 4 | A | Direct |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 3,512 | Indirect | Meritor Savings Plan |
Reported Derivative Holdings
| Sec. Name | Sec. Type | Price | Date | Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|---|---|---|---|
| Common Stock | Restricted Share Units | $0.00 | 14,151 | 14,151 | Direct | ||
| Common Stock | Restricted Share Units | $0.00 | 1,428 | 1,428 | Direct | ||
| Common Stock | Restricted Share Units | $0.00 | 1,654 | 1,654 | Direct | ||
| Common Stock | Restricted Share Units | $0.00 | 17,124 | 17,124 | Direct | ||
| Common Stock | Restricted Share Units | $0.00 | 22,163 | 22,163 | Direct | ||
| Common Stock | Restricted Share Units | $0.00 | 17,663 | 17,663 | Direct | ||
| Common Stock | Restricted Share Units | $0.00 | 9,579 | 9,579 | Direct | ||
| Common Stock | Restricted Share Units | $0.00 | 967 | 967 | Direct |
| Expiration Date | Amount | Remaning Holdings | Nature of Ownership |
|---|---|---|---|
| 14,151 | 14,151 | Direct | |
| 1,428 | 1,428 | Direct | |
| 1,654 | 1,654 | Direct | |
| 17,124 | 17,124 | Direct | |
| 22,163 | 22,163 | Direct | |
| 17,663 | 17,663 | Direct | |
| 9,579 | 9,579 | Direct | |
| 967 | 967 | Direct |
Footnotes
- Reflects vesting of Restricted Share Units ("RSUs") on December 1, 2021.
- The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of RSUs.
- The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $24.69 to $25.74, inclusive. The reporting person undertakes to provide to Meritor, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above.
- Shares purchased periodically and held in Company common stock funds in an employee benefit trust fund established under the Meritor, Inc. Savings Plan, based on information furnished by the plan administrator as of December 1, 2021.
- Acquisition of RSUs as equity compensation. The date of grant of the RSUs was December 1, 2021. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
- The date of the acquisition of the RSUs was November 10, 2021 following satisfaction of the performance criteria applicable thereto. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of April 1, 2022 or upon termination of employment with the Company under certain circumstances.
- The date of the acquisition of the RSUs was November 10, 2021 following satisfaction of the performance criteria applicable thereto. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of January 31, 2022 or upon termination of employment with the Company under certain circumstances.
- The date of grant of the RSUs was May 6, 2021. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
- The date of grant of the RSUs was December 1, 2020. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
- The date of grant of the RSUs was February 3, 2020. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
- The date of grant of the RSUs was December 1, 2019. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
- The date of grant of the RSUs was April 1, 2019. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
- The date of the grant of the RSUs was January 31, 2019. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances.
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