Form 4: Air Transport Services Group Officer Cagney Todd France Reports Beneficial Ownership Changes Following Merger

Following the merger of Air Transport Services Group, Inc. with Stonepeak Nile Parent LLC, officer Cagney Todd France reports changes in beneficial ownership, including the disposal of common stock and restricted stock units for cash consideration.

Summary

• Cagney Todd France, Chief Commercial Officer of Air Transport Services Group, Inc. (ATSG), filed a Form 4 detailing changes in beneficial ownership.
• The filing is related to the merger between ATSG and Stonepeak Nile Parent LLC, which became effective on April 11, 2025.
• As a result of the merger, each share of ATSG common stock was converted into the right to receive $22.50 in cash.
• France disposed of 52,987 shares of common stock at $22.50 per share.
• France also disposed of 16,509 shares of restricted stock granted after the merger agreement at $22.50 per share.
• Additionally, 17,147 performance-based restricted stock units (PSUs) vested and were cancelled, with France receiving a cash payment of $22.50 per unit.
• Following these transactions, France holds no shares of common stock directly.
• France now holds 0 derivative securities.

Sentiment

Score: 6

Explanation: The document is a standard regulatory filing detailing the completion of a merger and the resulting changes in beneficial ownership. It is neutral in tone and reflects a completed transaction.

Future Outlook

The merger between Air Transport Services Group, Inc. and Stonepeak Nile Parent LLC is complete, with shareholders receiving $22.50 per share.

Industry Context

This announcement reflects a completed merger transaction, which is a common occurrence in the corporate world. The details provided are standard for regulatory filings related to changes in beneficial ownership following such events.

Stakeholder Impact

• Shareholders received $22.50 per share as a result of the merger.
• Executives like Cagney Todd France received cash payments for their shares and vested restricted stock units.

Key Dates

Keywords

Form 4, Beneficial Ownership, Merger, Air Transport Services Group, ATSG, Cagney Todd France, Stonepeak Nile Parent LLC, Common Stock, Restricted Stock Units, PSUs, Cash Consideration