Atkore COO disposes of 80,228 shares in merger
At closing, common shares, RSUs and earned PSUs became cash-payment rights; options were either eligible for cash or canceled without consideration.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Atkore Inc.’s COO & President, Electrical, John W. Pregenzer reported merger-related acquisitions and dispositions on October 19, 2026. The merger closed with Atkore surviving as a wholly owned subsidiary of Prysmian S.p.A. A total of 18,817 shares underlying unvested performance restricted stock units became earned in connection with the merger.
He also reported the disposition of 80,228 common shares at $95.00 per share; common shares, RSUs and earned PSUs were converted into rights to receive $95.00 per share in cash at closing. Options covering 8,007 shares at a $37.24 exercise price and 12,073 shares at $29.80 were canceled and converted into rights to cash payments based on any excess of $95.00 over the exercise price. Options covering 1,252 shares at $105.94 and 3,083 shares at $101.66 were canceled for no consideration.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Pregenzer John W
Role
COO & President, Electrical
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (right to buy) F6 | 8,007 | -- | -- |
| Disposition | Stock Options (right to buy) F6 | 12,073 | -- | -- |
| Disposition | Stock Options (right to buy) F7 | 1,252 | -- | -- |
| Disposition | Stock Options (right to buy) F7 | 3,083 | -- | -- |
| Grant/Award | Common Stock F1, F2 | 18,816.6689 | $0.00 | $0.00 |
| Disposition | Common Stock F1, F3, F4, F5 | 80,227.8342 | $95.00 | $7.62M |
Holdings After Transaction:
Stock Options (right to buy) — 0 contracts (Direct);
Common Stock — 0 shares (Direct)
Footnotes (7)
- 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. Represents the number of shares of Common Stock underlying unvested performance restricted stock units (a "PSU"), that became earned in connection with the Merger (including any amounts accrued for dividend equivalent units), determined in accordance with the terms of each such PSU.
- F3. 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").
- 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.
- F5. Includes PSUs and any amounts accrued for dividend equivalent units thereon. Under the Merger Agreement, at the Effective Time, each outstanding PSU that became earned in connection with the Merger 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 PSU, as determined in accordance with the terms of each such PSU.
- F6. Under the Merger Agreement, at the Effective Time, each outstanding option to purchase shares of Common Stock ("Option") was canceled and converted into the right to receive a cash payment from the Surviving Corporation equal to the product obtained by multiplying (A) the excess, if any, of the Merger Consideration over the exercise price per share of such Option by (B) the total number of shares of Common Stock underlying such Option.
- F7. Under the Merger Agreement, at the Effective Time each outstanding option to purchase shares of Common Stock ("Option") that had an exercise price per share that was greater than or equal to the Merger Consideration was canceled for no consideration.
Key Figures
Shares underlying earned PSUs: 18,817 shares
Common shares disposed: 80,228 shares
Merger Consideration: $95.00 per share
+4 more
7 metrics
Shares underlying earned PSUs
18,817 shares
Became earned in connection with the merger on October 19, 2026
Common shares disposed
80,228 shares
Reported on October 19, 2026
Merger Consideration
$95.00 per share
Cash consideration at the merger’s effective time
Options canceled for cash-payment rights
8,007 underlying shares; $37.24 exercise price per share
Cash payment based on any excess of merger consideration over exercise price
Options canceled for cash-payment rights
12,073 underlying shares; $29.80 exercise price per share
Cash payment based on any excess of merger consideration over exercise price
Options canceled for no consideration
1,252 underlying shares; $105.94 exercise price per share
Canceled at the merger’s effective time
Options canceled for no consideration
3,083 underlying shares; $101.66 exercise price per share
Canceled at the merger’s effective time
Key Terms
performance restricted stock units, Merger Consideration, Effective Time, exercise price per share
4 terms
performance restricted stock units financial
"shares of Common Stock underlying unvested performance restricted stock units"
Performance restricted stock units (PRSUs) are promises to deliver company shares to employees or executives only if the business meets specific performance targets and any time-based holding rules. Think of them as a bonus that converts into stock only after set goals are reached, so investors watch PRSUs for two reasons: they can dilute existing shares if paid out, and they signal how closely management’s pay is tied to company performance.
Merger Consideration financial
"converted into the right to receive $95.00 in cash"
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.
Effective Time financial
"At the effective time of the Merger"
The exact clock time when a regulatory filing, approval, or corporate action formally becomes legally active; from that moment the change is binding and can be acted on. Investors care because the effective time marks when ownership, rights, trading rules, or new securities take effect — like a light switch turning on a contract or transaction — which determines when risks, benefits and market reactions begin.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How were John W. Pregenzer’s ATKR options treated at closing?
Options covering 8,007 shares at a $37.24 exercise price and 12,073 shares at $29.80 were canceled and converted into rights to cash payments based on any excess of $95.00 over the exercise price. Options covering 1,252 shares at $105.94 and 3,083 shares at $101.66 were canceled for no consideration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
