INNIO N.V. submitted an insider ownership report identifying Olaf Berlien as both CEO, President, and a director of the company. The excerpt shows no reported share transactions or derivative positions, indicating this is a role-identification filing rather than a record of recent trading activity.
INNIO N.V. director Lee C. Banks has filed an initial Form 3, which is the required statement of beneficial ownership for company insiders. This filing does not report any stock transactions or option exercises and serves mainly to put the market on notice of his insider status.
INNIO N.V. filed an initial ownership report for director Christopher Yetman on Form 3. This filing formally identifies Yetman as a board member and subject to insider reporting rules. The report does not list any transactions and serves as a baseline disclosure of his status as a reporting person.
INNIO N.V. is offering for resale 90,000,000 common shares held by its Principal Shareholder at an initial public offering price of $27.00 per share. The selling shareholder will receive the proceeds and the company will receive no proceeds from this offering.
The underwriters have a 13,500,000-share option to purchase additional shares from the selling shareholder. Immediately after this offering (assuming no exercise of the option), 750,000,000 common shares will be outstanding and the Principal Shareholder will hold 660,000,000 common shares (approximately 88% of voting power), leaving INNIO as a "controlled company" under Nasdaq rules.