Form 4: Air Transport Services Group COO Disposes of Shares in Merger Transaction

Edward Joseph Koharik III, Chief Operating Officer of Air Transport Services Group, Inc., reports the disposal of shares due to the merger with Stonepeak Nile Parent LLC.

Summary

• Edward Joseph Koharik III, the Chief Operating Officer of Air Transport Services Group, Inc. (ATSG), filed a Form 4 detailing changes in beneficial ownership.
• The filing reports transactions related to the merger between ATSG and Stonepeak Nile Parent LLC, which became effective on April 11, 2025.
• As a result of the merger, Koharik disposed of 84,753 shares of common stock at a price of $22.50 per share.
• He also disposed of 17,949 shares of restricted stock granted after the merger agreement at $22.50.
• Additionally, 58,782 performance-based restricted stock units (PSUs) vested and were cancelled, resulting in a cash payment to Koharik.
• Following these transactions, Koharik's direct ownership of ATSG common stock is reported as zero shares.

Sentiment

Score: 5

Explanation: The sentiment is neutral as it simply reports the execution of a pre-arranged merger agreement. There are no indications of positive or negative implications beyond the completion of the deal.

Future Outlook

The document does not contain any specific forward-looking statements beyond the completion of the merger.

Industry Context

This announcement reflects a common scenario in mergers and acquisitions where executives and insiders dispose of their shares as part of the deal's completion. It's a standard procedure and doesn't necessarily indicate anything beyond the execution of the merger agreement.

Stakeholder Impact

• Shareholders received $22.50 per share as part of the merger agreement.

Key Dates

Keywords

Form 4, Beneficial Ownership, Merger, Air Transport Services Group, ATSG, Koharik, Stonepeak, Shares, Stock