Atkore director Justin A. Kershaw disposes of 18,750 shares
Atkore Inc. director Justin A. Kershaw reported an issuer disposition of 18,750 shares on October 19, 2026, at the closing of its merger with Prysmian S.p.A.
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Rhea-AI Filing Summary
Atkore Inc. director Justin A. Kershaw reported an issuer disposition of 18,750 shares on October 19, 2026, at the closing of its merger with Prysmian S.p.A. The reported amount includes deferred stock units, restricted stock units and accrued dividend equivalent units; his reported direct holdings after the transaction were 0 shares.
At the merger’s effective time, each outstanding Atkore common share converted into the right to receive $95.00 in cash per share. Outstanding deferred and restricted stock units were canceled and converted into cash payments. Atkore survived the merger as a wholly owned subsidiary of Prysmian.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2, F3, F4 | 18,749.7533 | $95.00 | $1.78M |
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
Key Terms
Merger Agreement technical
Effective Time technical
Merger Consideration financial
deferred stock units financial
restricted stock units financial
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