Form 4: Servotronics CFO Completes Share Disposition Following TransDigm Merger

Servotronics Inc.'s Chief Financial Officer, Robert Fraass, has disposed of all his common stock holdings in the company following the completion of the merger with TransDigm Inc. at $47.00 per share.

Summary

• Robert Fraass, Chief Financial Officer of Servotronics Inc. (SVT), reported the disposition of all his common stock holdings.
• The transactions occurred on July 1, 2025, pursuant to the Agreement and Plan of Merger dated May 18, 2025, as amended on May 28, 2025, with TransDigm Inc. and TDG Rise Merger Sub, Inc.
• A total of 1,302 shares were withheld by the Issuer to cover tax withholding obligations upon the vesting of restricted stock, as permitted under the Servotronics, Inc. 2022 Equity Incentive Plan.
• An additional 2,047 shares were tendered prior to the Expiration Date of the merger agreement and disposed of at the Acceptance Time.
• The remaining 2,260 shares of common stock not previously tendered were cancelled and converted into the right to receive cash consideration.
• An indirect holding of 435.6236 shares from an ESOP was also disposed of due to the merger tender.
• All disposed shares were exchanged for $47.00 per share in cash, without interest and subject to applicable tax withholding.
• The restricted stock previously awarded to Mr. Fraass vested on July 1, 2025, upon a Change in Control, as defined in the Servotronics, Inc. 2022 Equity Incentive Plan.
• Following these transactions, Robert Fraass beneficially owns 0 shares of Servotronics Inc. common stock.

Sentiment

Score: 7

Explanation: The sentiment is positive for the reporting person as they successfully monetized their equity holdings at a pre-agreed price due to a corporate acquisition. For the company, it signifies the completion of a major strategic event (merger).

Positives

• The Chief Financial Officer received $47.00 per share in cash for his common stock holdings, representing a clear monetization event.
• Restricted stock previously awarded to the Reporting Person vested upon the Change in Control, as per the Servotronics, Inc. 2022 Equity Incentive Plan.

Negatives

• The Chief Financial Officer no longer holds any common stock in Servotronics Inc. following the merger, indicating a complete divestment of his equity stake.

Risks

• No specific new risks are disclosed in this transaction report, as it primarily details the outcome of a previously announced merger.

Future Outlook

This Form 4 filing is a report of completed insider transactions related to a merger and does not contain forward-looking statements or guidance regarding the company's future operations or financial performance.

Industry Context

This filing reflects the finalization of a significant merger and acquisition event within the industrial or aerospace components sector, where Servotronics Inc. was acquired by TransDigm Inc., a major player in the aerospace industry. Such transactions often lead to changes in insider holdings as equity is converted to cash.

Corporate Governance

Stakeholder Impact

• Shareholders who held Servotronics Inc. common stock received $47.00 per share in cash as a result of the merger, as evidenced by the CFO's disposition.

Next Steps

• The reporting person is no longer subject to Section 16 obligations for Servotronics Inc. as a result of the merger completion.

Key Dates

Keywords

Servotronics, SVT, Form 4, insider transaction, stock disposition, merger, acquisition, TransDigm, Chief Financial Officer, Robert Fraass, equity incentive plan, restricted stock, change in control