Atkore: Jeri L. Isbell disposes of 30,656 shares
Under the completed merger, Atkore became a wholly owned subsidiary of Prysmian, and common shares and equity awards converted into cash rights.
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Form Type
4
Rhea-AI Filing Summary
Atkore Inc. director Jeri L. Isbell disposed to the issuer of 30,656 common shares on October 19, 2026, in connection with the completed merger. Each outstanding common share was converted into the right to receive $95.00 in cash without interest; the reported amount includes deferred stock units and restricted stock units. Isbell's reported direct holdings after the transaction were zero, and no Rule 10b5-1 plan is reported. Prysmian S.p.A. was the buyer, and Atkore survived as its wholly owned subsidiary.
Insider Trade Summary
Disposition: 30,655.9429 shares
Disposition
1 txn
Insider
Isbell Jeri L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2, F3, F4 | 30,655.9429 | $95.00 | $2.91M |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (4)
- F1. On October 19, 2026 (the "Closing Date"), pursuant to the Agreement and Plan of Merger, dated August 2, 2026 (the "Merger Agreement"), by and among Atkore Inc. ("Atkore" or the "Company"), Prysmian S.p.A., a company organized under the laws of the Republic of Italy ("Buyer"), Trinity Merger Sub, Inc., a Delaware corporation and a wholly owned subsidiary of Buyer ("Merger Sub"), and, solely as provided in certain sections of the Merger Agreement, Prysmian Cables and Systems USA, LLC, a Delaware limited liability company, Merger Sub merged with and into the Company (the "Merger"), with the Company surviving the Merger as a wholly owned subsidiary of Buyer (the "Surviving Corporation").
- F2. At the effective time of the Merger (the "Effective Time"), each share of common stock of Atkore, par value $0.01 per share ("Common Stock") issued and outstanding immediately prior to the Effective Time, was (except as otherwise provided in the Merger Agreement) converted into the right to receive $95.00 in cash, without interest (the "Merger Consideration").
- F3. Includes deferred stock units ("DSUs") and any amounts accrued for dividend equivalent units thereon. Under the Merger Agreement, at the Effective Time, each outstanding DSU was canceled and converted into the right to receive a cash payment from the Surviving Corporation equal to the product of (A) the Merger Consideration and (B) the total number of shares of Common Stock underlying such DSU.
- F4. Includes restricted stock units ("RSUs") and any amounts accrued for dividend equivalent units thereon. Under the Merger Agreement, at the Effective Time, each outstanding RSU, whether vested or unvested, was deemed fully vested and canceled and converted into the right to receive a cash payment from the Surviving Corporation equal to the product of (A) the Merger Consideration and (B) the total number of shares of Common Stock underlying such RSU.
Key Figures
Common shares disposed: 30,656 shares
Merger consideration: $95.00 per share in cash
Direct holdings after transaction: 0 shares
3 metrics
Common shares disposed
30,656 shares
Jeri L. Isbell's transaction on October 19, 2026
Merger consideration
$95.00 per share in cash
For each outstanding common share converted at the merger's effective time
Direct holdings after transaction
0 shares
Jeri L. Isbell's reported position after the transaction
Key Terms
Merger Consideration, deferred stock units, restricted stock units
3 terms
Merger Consideration financial
"the "Merger Consideration""
Merger consideration is the total payment a company or buyer offers to shareholders of a target company in exchange for combining the two businesses, and can include cash, shares in the surviving company, debt assumption, or a mix of these. Investors care because the form and amount affect the deal’s value, tax consequences, immediate cash received versus future ownership, and the risk and upside of holding new shares — similar to choosing between cash now or stock that could grow later.
deferred stock units financial
"Includes deferred stock units ("DSUs")"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
restricted stock units financial
"Includes restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How were ATKR stock units treated in the merger?
At the effective time, each outstanding deferred stock unit was canceled and converted into a cash payment from the surviving corporation. Each restricted stock unit, whether vested or unvested, was deemed fully vested, canceled, and converted into a cash payment; accrued dividend-equivalent amounts were included.
AI-generated analysis. How Rhea-AI works. Not financial advice.
