Atkore HR chief disposes of 46,361 shares and equivalents
The merger set $95.00 in cash per common share; options with exercise prices at or above that amount were canceled for no consideration.
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Form Type
4
Rhea-AI Filing Summary
Atkore Inc. completed its merger with Prysmian S.p.A. on October 19, 2026, with Atkore surviving as Prysmian’s wholly owned subsidiary. VP, Chief HR Officer LeAngela W. Lowe reported a disposition of 46,361 common-stock shares and equivalents; the reported amount includes RSUs, PSUs and accrued dividend equivalent units. At the effective time, each common share issued and outstanding immediately beforehand, except as otherwise provided in the merger agreement, converted into a right to receive $95.00 in cash without interest. Outstanding RSUs and earned PSUs were canceled for cash payments based on that consideration.
Lowe also reported that 10,298 shares underlying unvested PSUs became earned in connection with the merger. Options covering 1,780 shares at a $37.24 exercise price and 3,963 shares at $29.80 were canceled for cash payments based on the excess of $95.00 over each exercise price. Options covering 2,003 shares at $105.94 and 2,775 shares at $101.66 were canceled for no consideration.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Lowe LeAngela W.
Role
VP, Chief HR Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Stock Options (right to buy) F6 | 1,780 | -- | -- |
| Disposition | Stock Options (right to buy) F6 | 3,963 | -- | -- |
| Disposition | Stock Options (right to buy) F7 | 2,003 | -- | -- |
| Disposition | Stock Options (right to buy) F7 | 2,775 | -- | -- |
| Grant/Award | Common Stock F1, F2 | 10,298.0334 | $0.00 | $0.00 |
| Disposition | Common Stock F1, F3, F4, F5 | 46,360.7227 | $95.00 | $4.40M |
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
Merger consideration: $95.00 per share
Disposed common-stock shares and equivalents: 46,361 shares
Earned PSU underlying shares: 10,298 shares
+2 more
5 metrics
Merger consideration
$95.00 per share
Cash consideration at the effective time
Disposed common-stock shares and equivalents
46,361 shares
Includes RSUs, PSUs and accrued dividend equivalent units
Earned PSU underlying shares
10,298 shares
Unvested PSUs that became earned in connection with the merger
Options canceled for cash
1,780 shares at $37.24; 3,963 shares at $29.80
Exercise prices; cash payment based on the excess of $95.00 over each exercise price
Options canceled for no consideration
2,003 shares at $105.94; 2,775 shares at $101.66
Exercise prices at or above the $95.00 merger consideration
Key Terms
Merger Consideration, performance restricted stock units, dividend equivalent units, Effective Time
4 terms
Merger Consideration financial
"right to receive $95.00 in cash, without interest (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.
performance restricted stock units financial
"unvested performance restricted stock units (a "PSU")"
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.
dividend equivalent units financial
"amounts accrued for dividend equivalent units thereon"
Dividend equivalent units are bookkeeping credits that mirror cash dividends paid on actual shares, granted to holders of stock-based awards such as restricted stock units or deferred compensation. They matter to investors because they increase a company’s reported employee compensation cost and can lead to issuance of more shares or cash payouts over time, similar to extra pay linked to ownership that affects shareholder dilution and corporate cash flow.
Effective Time technical
"At the effective time of the Merger (the "Effective Time")"
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.
What did ATKR officer LeAngela W. Lowe report in connection with the merger?
Lowe, VP, Chief HR Officer, reported that 10,298 shares underlying unvested PSUs became earned and reported a disposition of 46,361 common-stock shares and equivalents, including RSUs, PSUs and accrued dividend equivalent units. The merger terms provided $95.00 cash per common share and cash payments for the covered RSUs and earned PSUs.
What happened to LeAngela W. Lowe’s ATKR stock options in the merger?
Options covering 1,780 shares at $37.24 and expiring November 21, 2029, and 3,963 shares at $29.80 and expiring November 17, 2030, were canceled for cash based on the excess of $95.00 over each exercise price. Options covering 2,003 shares at $105.94 and 2,775 shares at $101.66 were canceled for no consideration.
AI-generated analysis. How Rhea-AI works. Not financial advice.
