Form 4: Catalent Director Jack L. Stahl Discloses Share Disposition Following Merger

Director Jack L. Stahl reports the disposition of his Catalent shares and restricted stock units following the company's merger with Creek Parent, Inc.

Summary

• Jack L. Stahl, a director at Catalent, Inc., filed a Form 4 disclosing changes in his beneficial ownership of the company's securities.
• The filing is a result of the merger between Catalent and Creek Parent, Inc., which was completed on December 18, 2024.
• As part of the merger, each outstanding share of Catalent common stock was converted into the right to receive $63.50 in cash.
• Stahl's 47,984 shares of common stock were disposed of as a result of the merger.
• His restricted stock units (RSUs) also vested and were converted into cash based on the merger consideration of $63.50 per share.

Sentiment

Score: 7

Explanation: The document is a routine filing following a merger, indicating a neutral sentiment. The transaction itself is a significant event, but the filing is a standard procedure.

Industry Context

This filing reflects a standard procedure following a merger, where insiders report changes in their holdings due to the transaction. It is a common occurrence in the pharmaceutical and healthcare industry where mergers and acquisitions are frequent.

Comparison to Industry Standards

• The merger consideration of $63.50 per share is a specific value determined by the merger agreement, and not directly comparable to industry benchmarks without further context on the valuation of Catalent.
• Similar transactions in the pharmaceutical sector often involve a premium over the pre-merger share price, which is typical in acquisitions.
• The conversion of RSUs to cash is a standard practice in mergers, ensuring that employees and executives receive the value of their equity compensation.

Stakeholder Impact

• Shareholders received $63.50 per share in cash as a result of the merger.
• Employees holding RSUs received cash equivalent to the value of their units.

Key Dates

Keywords

Merger, Form 4, Catalent, Director, Share Disposition, Restricted Stock Units, Creek Parent, Beneficial Ownership