[Form 4] Dun & Bradstreet Holdings, Inc. Insider Trading Activity
Anthony M. Jabbour, Chief Executive Officer and Director of Dun & Bradstreet Holdings, Inc. (DNB), reported multiple dispositions of his beneficially held common stock related to a completed merger. The Form 4 shows that, pursuant to the Merger Agreement, each outstanding share of the issuer was converted into the right to receive $9.15 in cash per share (subject to applicable withholding) and that restricted vested and unvested shares were treated according to the agreement, with vested restricted shares converted into the cash consideration plus accumulated unpaid dividend equivalents and unvested restricted shares converted into an equity interest of an indirect parent with time鈥慴ased vesting only.
The reported non鈥慸erivative transactions list dispositions totaling common stock amounts of 3,621,898.22 shares, 2,565,139 shares (held indirectly by The Anthony M. Jabbour Living Trust), 1,228,726 shares (held indirectly by The Anthony M. Jabbour 2019 Dynasty Trust), 4,347,100 shares (held indirectly by The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust), and 350,000 shares (held indirectly by JPM Foundation), reflecting the conversion/cancellation of outstanding common stock into the merger consideration.
Anthony M. Jabbour, Amministratore Delegato e membro del Consiglio di Dun & Bradstreet Holdings, Inc. (DNB), ha comunicato pi霉 cessioni delle azioni ordinarie di sua propriet脿 in relazione a una fusione completata. Il Modulo 4 indica che, ai termini dell'Accordo di Fusione, ogni azione in circolazione della societ脿 猫 stata convertita nel diritto a ricevere $9.15 in contanti per azione (soggetti alle ritenute applicabili) e che le azioni vincolate, sia quelle maturate sia quelle non maturate, sono state trattate conformemente all'accordo: le azioni vincolate maturate sono state convertite nel corrispettivo in contanti pi霉 gli equivalenti di dividendo non pagati accumulati, mentre le azioni vincolate non maturate sono state convertite in una partecipazione azionaria di una societ脿 madre indiretta con vesting basato esclusivamente sul tempo.
Le operazioni non derivanti riferite riportano cessioni per un totale di 3.621.898,22 azioni ordinarie, di cui 2.565.139 azioni (detenute indirettamente da The Anthony M. Jabbour Living Trust), 1.228.726 azioni (detenute indirettamente da The Anthony M. Jabbour 2019 Dynasty Trust), 4.347.100 azioni (detenute indirettamente da The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust) e 350.000 azioni (detenute indirettamente da JPM Foundation), a seguito della conversione/cancellazione delle azioni ordinarie in favore del corrispettivo di fusione.
Anthony M. Jabbour, Director Ejecutivo y miembro del Directorio de Dun & Bradstreet Holdings, Inc. (DNB), notific贸 varias enajenaciones de acciones ordinarias de su propiedad vinculadas a una fusi贸n completada. El Formulario 4 indica que, conforme al Acuerdo de Fusi贸n, cada acci贸n en circulaci贸n de la emisora se convirti贸 en el derecho a recibir $9.15 en efectivo por acci贸n (sujeto a las retenciones aplicables) y que las acciones restringidas, tanto las ya adquiridas como las no adquiridas, se trataron seg煤n lo pactado: las restringidas adquiridas se convirtieron en la contraprestaci贸n en efectivo m谩s los equivalentes de dividendos no pagados acumulados, y las restringidas no adquiridas se convirtieron en una participaci贸n en el capital de una matriz indirecta con adquisici贸n por tiempo 煤nicamente.
Las transacciones no derivadas reportadas registran enajenaciones que suman 3,621,898.22 acciones ordinarias, incluyendo 2,565,139 acciones (tenidas indirectamente por The Anthony M. Jabbour Living Trust), 1,228,726 acciones (tenidas indirectamente por The Anthony M. Jabbour 2019 Dynasty Trust), 4,347,100 acciones (tenidas indirectamente por The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust) y 350,000 acciones (tenidas indirectamente por JPM Foundation), reflejando la conversi贸n/cancelaci贸n de las acciones ordinarias en la contraprestaci贸n de la fusi贸n.
Anthony M. Jabbour電� Dun & Bradstreet Holdings, Inc. (DNB)鞚� 斓滉碃瓴届榿鞛� 瓴� 鞚挫偓搿滌劀, 鞕勲霅� 頃╇硲瓿� 甏�霠暣 氤胳澑鞚� 鞁れ鞝侅溂搿� 氤挫湢頃� 氤错喌欤茧ゼ 鞐煬 彀 觳橂秳頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. Form 4鞐愲姅 頃╇硲瓿勳暯鞐� 霐半澕 氚滍枆 欤检嫕 1欤茧嫻 $9.15 順勱笀鞚� 氚涭潉 甓岆Μ搿� 鞝勴櫂霅橃棃雼り碃 旮办灛霅橃柎 鞛堨溂氅�(頃措嫻 鞗愳矞歆曥垬 鞝侅毄), 鞝滍暅攵� 欤检嫕鞚� 瓴届毎 瓿勳暯鞐� 霐半澕 觳橂Μ霅橃棃雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 歃�, 鞚措 頇曥爼霅� 鞝滍暅攵� 欤检嫕鞚� 氙胳旮� 雸勳爜 氚半嫻 靸侂嫻鞎§潉 雿旐暅 順勱笀 氤挫儊鞙茧 鞝勴櫂霅橃棃瓿�, 氙疙檿鞝� 鞝滍暅攵� 欤检嫕鞚� 鞁滉皠 旮半皹 氩犾姢韺� 臁瓣贝鞚� 臧勳爲 氇殞靷潣 歆�攵勳溂搿� 鞝勴櫂霅橃棃鞀惦媹雼�.
氤搓碃霅� 牍勴寣靸� 瓯半灅鞐愳劀電� 齑� 3,621,898.22欤检棎 頃措嫻頃橂姅 氤错喌欤� 觳橂秳鞚� 旮办灛霅橃柎 鞛堨溂氅�, 攴胳 2,565,139欤茧姅 The Anthony M. Jabbour Living Trust(臧勳爲 氤挫湢), 1,228,726欤茧姅 The Anthony M. Jabbour 2019 Dynasty Trust(臧勳爲 氤挫湢), 4,347,100欤茧姅 The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust(臧勳爲 氤挫湢), 350,000欤茧姅 JPM Foundation(臧勳爲 氤挫湢)鞐� 鞚橅暣 氤挫湢霅� 瓴冹溂搿�, 鞚措姅 頃╇硲 雽�臧�搿滌潣 氤错喌欤� 鞝勴櫂/靻岅皝鞚� 氚橃榿頃╇媹雼�.
Anthony M. Jabbour, directeur g茅n茅ral et administrateur de Dun & Bradstreet Holdings, Inc. (DNB), a d茅clar茅 plusieurs cessions d'actions ordinaires dont il avait l'usufruit, li茅es 脿 une fusion achev茅e. Le formulaire 4 indique que, conform茅ment 脿 l'accord de fusion, chaque action en circulation de l'茅metteur a 茅t茅 convertie en le droit de recevoir 9,15 $ en esp猫ces par action (sous r茅serve des retenues applicables) et que les actions restreintes, acquises ou non, ont 茅t茅 trait茅es conform茅ment 脿 l'accord : les actions restreintes acquises ont 茅t茅 converties en contrepartie en esp猫ces major茅e des 茅quivalents de dividendes impay茅s accumul茅s, et les actions restreintes non acquises ont 茅t茅 converties en une participation au capital d'une soci茅t茅 m猫re indirecte avec un acqu茅rement fond茅 uniquement sur le temps.
Les op茅rations non d茅riv茅es d茅clar茅es indiquent des cessions totalisant 3 621 898,22 actions ordinaires, dont 2 565 139 actions (d茅tenues indirectement par The Anthony M. Jabbour Living Trust), 1 228 726 actions (d茅tenues indirectement par The Anthony M. Jabbour 2019 Dynasty Trust), 4 347 100 actions (d茅tenues indirectement par The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust) et 350 000 actions (d茅tenues indirectement par JPM Foundation), refl茅tant la conversion/annulation des actions ordinaires en contrepartie de la fusion.
Anthony M. Jabbour, Chief Executive Officer und Director von Dun & Bradstreet Holdings, Inc. (DNB), meldete mehrere Ver盲u脽erungen der von ihm wirtschaftlich gehaltenen Stammaktien im Zusammenhang mit einer abgeschlossenen Fusion. Im Formular 4 ist vermerkt, dass gem盲脽 dem Fusionsvertrag jede ausstehende Aktie des Emittenten in das Recht auf $9.15 in bar pro Aktie (vorbehaltlich der anwendbaren Quellensteuer) umgewandelt wurde und dass beschr盲nkte, sowohl bereits ausge眉bte als auch nicht ausge眉bte Aktien entsprechend dem Vertrag behandelt wurden: Ausge眉bte beschr盲nkte Aktien wurden in die baren Gegenleistungen zuz眉glich aufgelaufener nicht gezahlter Dividenden盲quivalente umgewandelt, nicht ausge眉bte beschr盲nkte Aktien in eine Beteiligung an einer indirekten Muttergesellschaft mit ausschlie脽lich zeitbasierter Vesting-Regelung.
Die gemeldeten nicht-derivativen Transaktionen listen Ver盲u脽erungen in H枚he von insgesamt 3.621.898,22 Stammaktien auf, darunter 2.565.139 Aktien (indirekt gehalten von The Anthony M. Jabbour Living Trust), 1.228.726 Aktien (indirekt gehalten von The Anthony M. Jabbour 2019 Dynasty Trust), 4.347.100 Aktien (indirekt gehalten von The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust) und 350.000 Aktien (indirekt gehalten von JPM Foundation), was die Umwandlung/L枚schung der ausstehenden Stammaktien in die Fusionsgegenleistung widerspiegelt.
- Completed merger consideration: All common shares were converted into a fixed cash consideration of $9.15 per share, providing liquidity to holders
- Clear treatment of awards: Vested restricted shares receive cash plus accumulated dividend equivalents; unvested shares convert into parent equity with time鈥慴ased vesting only, removing performance contingencies
- Loss of public equity exposure: Conversion and cancellation of common stock ends public shareholders' direct ownership in DNB
- Large insider dispositions: Substantial share amounts across direct and trust accounts were disposed, reflecting termination of public holdings
Insights
TL;DR: The merger converted all outstanding DNB common shares into $9.15 cash per share, triggering large insider dispositions and a cash鈥憃ut for public shareholders.
The Form 4 documents a transaction structure consistent with a completed merger that cash鈥憃uts equity holders at a fixed per鈥憇hare price of $9.15. From an investor perspective, this is a material liquidity event that ends public equity exposure to DNB under the disclosed terms. The sizable quantities reported indicate the reporting person held substantial positions across direct and trust accounts that were settled under the Merger Agreement. Key implications are the termination of normal trading exposure for these shares and the transfer of remaining equity economics for certain unvested awards into parent company equity with only time鈥慴ased vesting.
TL;DR: The Form 4 reflects governance execution of a merger agreement that cancels public common stock and prescribes specific treatments for vested and unvested awards.
The disclosure clarifies how different classes of awards were handled: vested restricted shares received cash plus accumulated dividend equivalents while unvested restricted shares were converted into parent company equity with time鈥慴ased vesting only and no performance conditions. This details the post鈥憈ransaction treatment of executive compensation and aligns management incentives with the new controlling owner for remaining unvested interests. The filing is procedurally standard and provides clear mapping of ownership changes to trust and foundation holdings of the reporting person.
Anthony M. Jabbour, Amministratore Delegato e membro del Consiglio di Dun & Bradstreet Holdings, Inc. (DNB), ha comunicato pi霉 cessioni delle azioni ordinarie di sua propriet脿 in relazione a una fusione completata. Il Modulo 4 indica che, ai termini dell'Accordo di Fusione, ogni azione in circolazione della societ脿 猫 stata convertita nel diritto a ricevere $9.15 in contanti per azione (soggetti alle ritenute applicabili) e che le azioni vincolate, sia quelle maturate sia quelle non maturate, sono state trattate conformemente all'accordo: le azioni vincolate maturate sono state convertite nel corrispettivo in contanti pi霉 gli equivalenti di dividendo non pagati accumulati, mentre le azioni vincolate non maturate sono state convertite in una partecipazione azionaria di una societ脿 madre indiretta con vesting basato esclusivamente sul tempo.
Le operazioni non derivanti riferite riportano cessioni per un totale di 3.621.898,22 azioni ordinarie, di cui 2.565.139 azioni (detenute indirettamente da The Anthony M. Jabbour Living Trust), 1.228.726 azioni (detenute indirettamente da The Anthony M. Jabbour 2019 Dynasty Trust), 4.347.100 azioni (detenute indirettamente da The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust) e 350.000 azioni (detenute indirettamente da JPM Foundation), a seguito della conversione/cancellazione delle azioni ordinarie in favore del corrispettivo di fusione.
Anthony M. Jabbour, Director Ejecutivo y miembro del Directorio de Dun & Bradstreet Holdings, Inc. (DNB), notific贸 varias enajenaciones de acciones ordinarias de su propiedad vinculadas a una fusi贸n completada. El Formulario 4 indica que, conforme al Acuerdo de Fusi贸n, cada acci贸n en circulaci贸n de la emisora se convirti贸 en el derecho a recibir $9.15 en efectivo por acci贸n (sujeto a las retenciones aplicables) y que las acciones restringidas, tanto las ya adquiridas como las no adquiridas, se trataron seg煤n lo pactado: las restringidas adquiridas se convirtieron en la contraprestaci贸n en efectivo m谩s los equivalentes de dividendos no pagados acumulados, y las restringidas no adquiridas se convirtieron en una participaci贸n en el capital de una matriz indirecta con adquisici贸n por tiempo 煤nicamente.
Las transacciones no derivadas reportadas registran enajenaciones que suman 3,621,898.22 acciones ordinarias, incluyendo 2,565,139 acciones (tenidas indirectamente por The Anthony M. Jabbour Living Trust), 1,228,726 acciones (tenidas indirectamente por The Anthony M. Jabbour 2019 Dynasty Trust), 4,347,100 acciones (tenidas indirectamente por The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust) y 350,000 acciones (tenidas indirectamente por JPM Foundation), reflejando la conversi贸n/cancelaci贸n de las acciones ordinarias en la contraprestaci贸n de la fusi贸n.
Anthony M. Jabbour電� Dun & Bradstreet Holdings, Inc. (DNB)鞚� 斓滉碃瓴届榿鞛� 瓴� 鞚挫偓搿滌劀, 鞕勲霅� 頃╇硲瓿� 甏�霠暣 氤胳澑鞚� 鞁れ鞝侅溂搿� 氤挫湢頃� 氤错喌欤茧ゼ 鞐煬 彀 觳橂秳頄堧嫟瓿� 氤搓碃頄堨姷雼堧嫟. Form 4鞐愲姅 頃╇硲瓿勳暯鞐� 霐半澕 氚滍枆 欤检嫕 1欤茧嫻 $9.15 順勱笀鞚� 氚涭潉 甓岆Μ搿� 鞝勴櫂霅橃棃雼り碃 旮办灛霅橃柎 鞛堨溂氅�(頃措嫻 鞗愳矞歆曥垬 鞝侅毄), 鞝滍暅攵� 欤检嫕鞚� 瓴届毎 瓿勳暯鞐� 霐半澕 觳橂Μ霅橃棃雼り碃 氇呾嫓霅橃柎 鞛堨姷雼堧嫟. 歃�, 鞚措 頇曥爼霅� 鞝滍暅攵� 欤检嫕鞚� 氙胳旮� 雸勳爜 氚半嫻 靸侂嫻鞎§潉 雿旐暅 順勱笀 氤挫儊鞙茧 鞝勴櫂霅橃棃瓿�, 氙疙檿鞝� 鞝滍暅攵� 欤检嫕鞚� 鞁滉皠 旮半皹 氩犾姢韺� 臁瓣贝鞚� 臧勳爲 氇殞靷潣 歆�攵勳溂搿� 鞝勴櫂霅橃棃鞀惦媹雼�.
氤搓碃霅� 牍勴寣靸� 瓯半灅鞐愳劀電� 齑� 3,621,898.22欤检棎 頃措嫻頃橂姅 氤错喌欤� 觳橂秳鞚� 旮办灛霅橃柎 鞛堨溂氅�, 攴胳 2,565,139欤茧姅 The Anthony M. Jabbour Living Trust(臧勳爲 氤挫湢), 1,228,726欤茧姅 The Anthony M. Jabbour 2019 Dynasty Trust(臧勳爲 氤挫湢), 4,347,100欤茧姅 The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust(臧勳爲 氤挫湢), 350,000欤茧姅 JPM Foundation(臧勳爲 氤挫湢)鞐� 鞚橅暣 氤挫湢霅� 瓴冹溂搿�, 鞚措姅 頃╇硲 雽�臧�搿滌潣 氤错喌欤� 鞝勴櫂/靻岅皝鞚� 氚橃榿頃╇媹雼�.
Anthony M. Jabbour, directeur g茅n茅ral et administrateur de Dun & Bradstreet Holdings, Inc. (DNB), a d茅clar茅 plusieurs cessions d'actions ordinaires dont il avait l'usufruit, li茅es 脿 une fusion achev茅e. Le formulaire 4 indique que, conform茅ment 脿 l'accord de fusion, chaque action en circulation de l'茅metteur a 茅t茅 convertie en le droit de recevoir 9,15 $ en esp猫ces par action (sous r茅serve des retenues applicables) et que les actions restreintes, acquises ou non, ont 茅t茅 trait茅es conform茅ment 脿 l'accord : les actions restreintes acquises ont 茅t茅 converties en contrepartie en esp猫ces major茅e des 茅quivalents de dividendes impay茅s accumul茅s, et les actions restreintes non acquises ont 茅t茅 converties en une participation au capital d'une soci茅t茅 m猫re indirecte avec un acqu茅rement fond茅 uniquement sur le temps.
Les op茅rations non d茅riv茅es d茅clar茅es indiquent des cessions totalisant 3 621 898,22 actions ordinaires, dont 2 565 139 actions (d茅tenues indirectement par The Anthony M. Jabbour Living Trust), 1 228 726 actions (d茅tenues indirectement par The Anthony M. Jabbour 2019 Dynasty Trust), 4 347 100 actions (d茅tenues indirectement par The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust) et 350 000 actions (d茅tenues indirectement par JPM Foundation), refl茅tant la conversion/annulation des actions ordinaires en contrepartie de la fusion.
Anthony M. Jabbour, Chief Executive Officer und Director von Dun & Bradstreet Holdings, Inc. (DNB), meldete mehrere Ver盲u脽erungen der von ihm wirtschaftlich gehaltenen Stammaktien im Zusammenhang mit einer abgeschlossenen Fusion. Im Formular 4 ist vermerkt, dass gem盲脽 dem Fusionsvertrag jede ausstehende Aktie des Emittenten in das Recht auf $9.15 in bar pro Aktie (vorbehaltlich der anwendbaren Quellensteuer) umgewandelt wurde und dass beschr盲nkte, sowohl bereits ausge眉bte als auch nicht ausge眉bte Aktien entsprechend dem Vertrag behandelt wurden: Ausge眉bte beschr盲nkte Aktien wurden in die baren Gegenleistungen zuz眉glich aufgelaufener nicht gezahlter Dividenden盲quivalente umgewandelt, nicht ausge眉bte beschr盲nkte Aktien in eine Beteiligung an einer indirekten Muttergesellschaft mit ausschlie脽lich zeitbasierter Vesting-Regelung.
Die gemeldeten nicht-derivativen Transaktionen listen Ver盲u脽erungen in H枚he von insgesamt 3.621.898,22 Stammaktien auf, darunter 2.565.139 Aktien (indirekt gehalten von The Anthony M. Jabbour Living Trust), 1.228.726 Aktien (indirekt gehalten von The Anthony M. Jabbour 2019 Dynasty Trust), 4.347.100 Aktien (indirekt gehalten von The Anthony M. Jabbour 2023 Grantor Retained Annuity Trust) und 350.000 Aktien (indirekt gehalten von JPM Foundation), was die Umwandlung/L枚schung der ausstehenden Stammaktien in die Fusionsgegenleistung widerspiegelt.
FAQ
What did Anthony M. Jabbour report on the DNB Form 4?
What consideration did DNB shareholders receive under the Merger Agreement?
How were vested and unvested restricted shares treated in the merger?
How many shares did the Form 4 list as disposed by the reporting person?
Does this Form 4 indicate any derivative securities transactions?
