Atkore director Muse disposes of 32,724 shares in merger
At closing, each outstanding Atkore share was converted into a right to receive $95.00 in cash, without interest, except as provided in the merger agreement.
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Form Type
4
Rhea-AI Filing Summary
Atkore Inc. director Scott H. Muse reported a direct disposition to the issuer of 32,724 shares on October 19, 2026, at $95.00 per share in connection with the merger. His reported direct holdings after the transaction were zero shares. At closing, Prysmian S.p.A.’s wholly owned subsidiary merged into Atkore, which survived as Prysmian’s wholly owned subsidiary.
Insider Trade Summary
Disposition: 32,724.0766 shares
Disposition
1 txn
Insider
MUSE SCOTT H
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2, F3, F4 | 32,724.0766 | $95.00 | $3.11M |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
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
Shares disposed: 32,724 shares
Merger consideration per share: $95.00 per share
Direct holdings after transaction: 0 shares
3 metrics
Shares disposed
32,724 shares
Direct disposition on October 19, 2026
Merger consideration per share
$95.00 per share
Cash consideration, without interest, under the merger terms
Direct holdings after transaction
0 shares
Reported after the October 19, 2026 disposition
Key Terms
deferred stock units, restricted stock units, Merger Consideration
3 terms
deferred stock units financial
"Includes deferred stock units ("DSUs")"
Deferred stock units are promises from a company to give an employee shares of stock at a future date, often after certain conditions are met or after leaving the company. They function like a form of delayed compensation, allowing employees to earn shares over time. For investors, they represent potential future ownership in the company, but do not provide immediate voting rights or dividends until the shares are actually received.
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.
Merger Consideration financial
"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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How were ATKR deferred stock units and restricted stock units treated in the Prysmian merger?
At the effective time, outstanding deferred stock units were canceled and converted into cash payments based on the $95.00 merger consideration and underlying shares. Outstanding restricted stock units, whether vested or unvested, were deemed fully vested, then canceled and converted into cash payments on the same basis.
AI-generated analysis. How Rhea-AI works. Not financial advice.
