Atkore director Schrock disposes of 22,187 shares
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Atkore Inc. (ATKR) director Michael V. Schrock reported disposing of 22,187 shares of common stock on October 19, 2026, at $95.00 per share in connection with the merger; the reported amount included restricted stock units and accrued dividend equivalent units. Except as otherwise provided in the Merger Agreement, common shares converted into the right to receive $95.00 in cash per share. Each outstanding RSU, whether vested or unvested, was fully vested, canceled, and converted into a cash payment based on the same consideration. Schrock reported 0 shares after the transaction.
Insider Trade Summary
Disposition: 22,187.3288 shares
Disposition
1 txn
Insider
SCHROCK MICHAEL V
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2, F3 | 22,187.3288 | $95.00 | $2.11M |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (3)
- 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 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: 22,187 shares
Merger consideration: $95.00 per share
Direct shares following transaction: 0 shares
3 metrics
Common shares disposed
22,187 shares
October 19, 2026
Merger consideration
$95.00 per share
Common stock conversion in the merger
Direct shares following transaction
0 shares
Reported after the October 19, 2026 transaction
Key Terms
Merger Consideration, restricted stock units, dividend equivalent units, Effective Time
4 terms
Merger Consideration financial
"converted into the right to receive $95.00 in cash (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.
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.
dividend equivalent units financial
"any 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 financial
"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.
How were ATKR restricted stock units treated in the merger?
At the Effective Time, each outstanding RSU, whether vested or unvested, was deemed fully vested and canceled, then converted into a cash payment from the Surviving Corporation equal to the $95.00 Merger Consideration multiplied by the number of common shares underlying the RSU.
AI-generated analysis. How Rhea-AI works. Not financial advice.
