Form 4: Barnes Group Director Disposes of Shares Following Merger Agreement

Daphne E. Jones, a director at Barnes Group Inc., disposed of her shares and restricted stock units as part of the merger agreement with Goat Holdco, LLC.

Summary

• Daphne E. Jones, a director at Barnes Group Inc., has reported the disposal of her shares and restricted stock units.
• This transaction occurred on January 27, 2025, as a result of the merger agreement between Barnes Group Inc. and Goat Holdco, LLC.
• Ms. Jones disposed of 11,549.74 shares of common stock at a price of $47.50 per share.
• Additionally, 3,968 restricted stock units were cashed out at the same price of $47.50 per unit.
• The merger agreement stipulated that each share of Barnes common stock would be converted into the right to receive $47.50 in cash.

Sentiment

Score: 7

Explanation: The document reflects a standard transaction following a merger, which is neither positive nor negative in itself. The sentiment is neutral to slightly positive as the merger has been completed.

Industry Context

This filing reflects the completion of a merger, a common event in corporate finance, where a company is acquired by another entity. The disposal of shares by a director is a standard procedure following such an event.

Comparison to Industry Standards

• Merger transactions often involve the conversion of existing shares into cash or shares of the acquiring company, which is standard practice.
• The cash-out of restricted stock units at the merger price is also a typical procedure in such deals.
• Similar transactions can be seen in other mergers such as the acquisition of Xilinx by AMD where shareholders received a combination of cash and stock.

Stakeholder Impact

• Shareholders received $47.50 per share as a result of the merger.
• Employees with restricted stock units received cash payments based on the merger price.

Key Dates

Keywords

Merger, Barnes Group Inc, Director Share Disposal, Goat Holdco LLC, Restricted Stock Units, Form 4, SEC Filing