Form 4: Catalent Director Steven Barg Disposes of Shares Following Merger

Following the merger of Catalent, Inc. with Creek Parent, Inc., director Steven Barg disposed of 12,374 common stock shares and related restricted stock units for $63.50 per share.

Summary

• Steven Barg, a director at Catalent, Inc., has reported the disposal of 12,374 common stock shares.
• This transaction occurred on December 18, 2024, as a result of the merger between Catalent and Creek Parent, Inc.
• Each share of Catalent common stock was converted into the right to receive $63.50 in cash.
• Restricted stock units (RSUs) also vested and were converted into cash based on the merger consideration.
• The merger was completed on December 18, 2024, with Catalent becoming a wholly-owned subsidiary of Creek Parent, Inc.

Sentiment

Score: 7

Explanation: The document is a routine filing following a merger, indicating a neutral event. The sentiment is neutral to slightly positive as the merger has been completed as planned.

Future Outlook

The document does not contain any forward-looking statements.

Industry Context

This is a standard SEC Form 4 filing following a merger, indicating the completion of the transaction and the resulting changes in ownership for company insiders. This type of filing is common after a company is acquired.

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 standards.
• The disposal of shares by a director following a merger is a standard process and is consistent with similar transactions in the industry.
• The conversion of RSUs to cash is also a typical outcome in merger scenarios.

Stakeholder Impact

• Shareholders of Catalent received $63.50 per share as a result of the merger.
• Employees with RSUs received cash based on the merger consideration.

Key Dates

Keywords

Merger, Catalent, Creek Parent, Share Disposal, Director Transaction, Form 4, Restricted Stock Units, Acquisition