Emerald Holding (NYSE: EEX) cancels 130,169 director shares at $5.03 in merger
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Emerald Holding, Inc. director Lisa Klinger reported a disposition of 130,169 shares of common stock on July 14, 2026. In connection with the closing of a merger, these shares were cancelled and converted into the right to receive $5.03 in cash per share, leaving her with 0 shares owned. An additional 23,255 restricted stock units became fully vested at the merger’s effective time and were also cancelled and converted into a cash payment based on the same $5.03-per-share Merger Consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klinger Lisa
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock | 130,169 | -- | -- |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (1)
- Pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated May 9, 2026, by and among the Issuer, Emma Buyer, LLC, a Delaware limited liability company ("Parent"), and Emma Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Parent ("Merger Sub"), on July 14, 2026 (the "Effective Date"), Merger Sub merged with and into the Issuer (the "Merger"), with the Issuer continuing as the surviving corporation and a wholly-owned subsidiary of Parent. In connection with the Merger, these shares were cancelled and converted into the right to receive $5.03 in cash, without interest, per share, subject to the terms and conditions of the Merger Agreement (the "Merger Consideration"). Includes 23,255 restricted stock units ("RSUs") subject to time-based vesting requirements. Pursuant to the Merger Agreement, as of the Effective Time, these RSUs automatically became fully vested and were cancelled and converted into the right to receive an amount in cash equal to the product of (i) the total number of shares of Common Stock subject to the RSUs multiplied by (ii) the Merger Consideration, without interest and subject to any applicable tax withholding.
Key Figures
Common shares cancelled: 130,169 shares
Merger Consideration per share: $5.03 per share
Shares owned after transaction: 0 shares
+1 more
4 metrics
Common shares cancelled
130,169 shares
Disposition to issuer in merger on July 14, 2026
Merger Consideration per share
$5.03 per share
Cash received for each cancelled share of common stock
Shares owned after transaction
0 shares
Post-merger holdings of director Lisa Klinger
RSUs vested and cancelled
23,255 RSUs
Time-based RSUs that fully vested and converted into cash at $5.03 per share
Key Terms
Agreement and Plan of Merger, restricted stock units, time-based vesting, Merger Consideration
4 terms
Agreement and Plan of Merger regulatory
"Pursuant to the Agreement and Plan of Merger (the "Merger Agreement")"
An Agreement and Plan of Merger is a formal document where two companies agree to combine into one, outlining how the process will happen. It’s like a step-by-step plan for merging, and it matters because it shows both sides have agreed on the details before the official transition takes place.
restricted stock units financial
"Includes 23,255 restricted stock units ("RSUs") subject to time-based vesting"
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.
time-based vesting financial
"restricted stock units ("RSUs") subject to time-based vesting requirements"
Time-based vesting is a schedule that gives employees or contractors ownership of granted stock or options gradually as they remain with a company, like unlocking rewards in a loyalty program the longer you stick around. For investors, it matters because it affects future share supply, management incentives and staff retention — all of which can influence company performance and dilution of existing shareholders.
Merger Consideration financial
"converted into the right to receive $5.03 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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Emerald Holding (EEX) report for director Lisa Klinger?
Director Lisa Klinger disposed of 130,169 shares of Emerald Holding common stock. The shares were cancelled in a merger and converted into the right to receive $5.03 in cash per share, after which she held no shares of common stock.
What happened to Lisa Klinger's restricted stock units in Emerald Holding (EEX)?
Lisa Klinger held 23,255 restricted stock units (RSUs) subject to time-based vesting. At the merger’s effective time, these RSUs automatically became fully vested, were cancelled, and converted into a cash payment equal to the RSUs’ share count multiplied by the $5.03 Merger Consideration.
Does Lisa Klinger still own Emerald Holding (EEX) common stock after the reported transaction?
Following the merger-related disposition, Lisa Klinger reported ownership of 0 shares of Emerald Holding common stock. Her previously held shares were cancelled and converted into a right to receive $5.03 per share in cash under the merger agreement terms.
What merger structure affected Lisa Klinger's holdings in Emerald Holding (EEX)?
Emerald Holding entered a Merger Agreement where a subsidiary, Emma Merger Sub, merged into the company, making it a wholly owned subsidiary of Emma Buyer, LLC. In this merger, Lisa Klinger’s common shares and 23,255 RSUs were cancelled for cash at $5.03 per share.