Atkore director disposes of 2,844 shares in merger
Atkore survived the October 19, 2026 merger as a wholly owned subsidiary of Prysmian S.p.A.
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Rhea-AI Filing Summary
Atkore Inc. director Franklin S. Edmonds Jr. reported a disposition to the issuer of 2,844 shares on October 19, 2026, in connection with the merger; the reported amount includes restricted stock units and accrued dividend equivalent units. At the effective time, except as provided in the merger agreement, each outstanding common share converted into a right to receive $95.00 in cash. Outstanding RSUs were deemed fully vested and canceled for cash based on their underlying shares. Edmonds reported zero direct shares after the transaction; no Rule 10b5-1 plan is reported.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2, F3 | 2,843.557 | $95.00 | $270K |
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
Key Terms
Merger Consideration financial
restricted stock units ("RSUs") financial
dividend equivalent units financial
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