William Wayne Beard - 05 Jul 2022 Form 4 Insider Report for V2X, Inc. (VVX)

Role
General Manager, Aerospace
Signature
/s/ Kevin T. Boyle, Attorney-in-Fact
Issuer symbol
VVX
Transactions as of
05 Jul 2022
Net transactions value
$0
Form type
4
Filing time
07 Jul 2022, 20:58:44 UTC
Next filing
06 Jan 2023
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VVX Restricted Stock Units Award +117,258 117,258 05 Jul 2022 V2X, Inc. Common Stock 117,258 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These restricted stock units ("RSUs") convert to V2X, Inc. (formerly known as Vectrus, Inc., the "Issuer") common stock on a one-for-one basis.
F2 Reflects RSUs granted by the Issuer pursuant to the terms of the Agreement and Plan of Merger, dated as of March 7, 2022 (the "Merger Agreement"), entered into by and among Vectrus, Inc., Vertex Aerospace Services Holding Corp., ("Vertex") and other parties thereto. Pursuant to the terms of the Merger Agreement, Vectrus, Inc. (which subsequently changed its name to V2X, Inc.) acquired Vertex (the "Merger") and Vertex stock options held by the reporting person were replaced by these RSUs. The Merger closed on July 5, 2022.
F3 The awarded RSUs will vest as follows: (a) 1/4 will vest on the six-month anniversary of the grant date, (b) 1/4 will vest on the one-year anniversary of the grant date, (c) 1/4 will vest on the eighteen-month anniversary of the grant date, and (d) 1/4 will vest on the two-year anniversary of the grant date.