0001113256-20-000137.txt : 20201203 0001113256-20-000137.hdr.sgml : 20201203 20201203172250 ACCESSION NUMBER: 0001113256-20-000137 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20201201 FILED AS OF DATE: 20201203 DATE AS OF CHANGE: 20201203 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Villavarayan Chris CENTRAL INDEX KEY: 0001641733 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15983 FILM NUMBER: 201367784 MAIL ADDRESS: STREET 1: C/O MERITOR, INC. STREET 2: 2135 WEST MAPLE ROAD CITY: TROY STATE: MI ZIP: 48084 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: MERITOR, INC. CENTRAL INDEX KEY: 0001113256 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 383354643 STATE OF INCORPORATION: IN FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 2135 W MAPLE ROAD CITY: TROY STATE: MI ZIP: 48084 BUSINESS PHONE: 248-435-1000 MAIL ADDRESS: STREET 1: 2135 W MAPLE ROAD CITY: TROY STATE: MI ZIP: 48084 FORMER COMPANY: FORMER CONFORMED NAME: MERITOR INC DATE OF NAME CHANGE: 20110324 FORMER COMPANY: FORMER CONFORMED NAME: ARVINMERITOR INC DATE OF NAME CHANGE: 20000511 FORMER COMPANY: FORMER CONFORMED NAME: MU SUB INC DATE OF NAME CHANGE: 20000501 4 1 wf-form4_160703415488206.xml FORM 4 X0306 4 2020-12-01 0 0001113256 MERITOR, INC. MTOR 0001641733 Villavarayan Chris C/O MERITOR, INC. 2135 WEST MAPLE ROAD TROY MI 48084-7186 0 1 0 0 EVP & COO Common Stock 2020-12-01 4 M 0 12908 0 A 48023 D Common Stock 2020-12-02 4 S 0 5707 26.6769 D 42316 D Common Stock 5402 I Meritor Savings Plan Restricted Share Units 0.0 2020-12-01 4 M 0 12908 0 D Common Stock 12908.0 0 D Restricted Share Units 0.0 2020-12-01 4 A 0 21720 0 A Common Stock 21720.0 21720 D Restricted Share Units 0.0 Common Stock 6472.0 6472 D Restricted Share Units 0.0 Common Stock 17426.0 17426 D Restricted Share Units 0.0 Common Stock 26666.0 26666 D Restricted Share Units 0.0 Common Stock 1417.0 1417 D Common Stock Share Equivalents 0.0 Common Stock 7452.0 7452 I Meritor Supplemental Savings Plan Reflects vesting of Restricted Share Units ("RSUs") on December 1, 2020. The sales reported in this Form 4 were effected to cover tax withholding obligations upon vesting of RSUs. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions ranging from $26.53 to $27.19, inclusive. The reporting person undertakes to provide to Meritor, Inc. (the "Company"), any security holder of the Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth above. Shares purchased periodically and held in Company common stock funds in an employee benefit trust fund established under the Meritor, Inc. Savings Plan, based on information furnished by the plan administrator as of December 1, 2020. Acquisition of RSUs as equity compensation. The date of grant of the RSUs was December 1, 2020. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances. The date of grant of the RSUs was February 3, 2020. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances. The date of grant of the RSUs was December 1, 2019. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances. The date of grant of the RSUs was December 1, 2018. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances. The date of grant of the RSUs was February 2, 2018. Each RSU represents the right to receive one share of common stock of the Company or its cash equivalent upon the vesting date, which occurs at the earlier of three years from the date of grant or upon termination of employment with the Company under certain circumstances. Between February 3, 2020 and December 1, 2020, the reporting person acquired 312 share equivalents related to Company common stock held under the Meritor, Inc. Supplemental Savings Plan, based on information furnished by the plan administrator as of December 1, 2020. Exhibit List: Exhibit 24 - Power of Attorney /s/ Chris Villavarayan, By: Hannah S. Lim-Johnson, Attorney-in-fact 2020-12-03 EX-24 2 ex-24.htm VILLAVARAYAN POA

POWER OF ATTORNEY

Know all by these presents that the undersigned hereby constitutes and appoints Carl D. Anderson II and Hannah S. Lim-Johnson the undersigned's true and lawful attorney-in-fact to:

(1) execute for and on behalf of the undersigned, in the undersigned's capacity as a director and/or an executive who is or may be considered to be an officer (as defined for purposes of Section 16 of the Securities Exchange Act of 1934 (the Act) and the rules thereunder) of Meritor, Inc. (the Company), Form ID and Forms 3, 4 and 5 in accordance with Section 16(a) of the Act and the rules thereunder;

(2) do and perform any and all acts for and on behalf of the undersigned which may be necessary or desirable to complete and execute any such Form 3, 4 or 5 and timely file such form with the United States Securities and Exchange Commission and any stock exchange or similar authority; and

(3) take any other action of any type whatsoever in connection with the foregoing which, in the opinion of such attorney-in-fact, may be of benefit to, in the best interest of, or legally required by, the undersigned, it being understood that the documents executed by such attorney-in-fact on behalf of the undersigned pursuant to this Power of Attorney shall be in such form and shall contain such terms and conditions as such attorney-in-fact may approve in such attorney-in-fact's discretion.

The undersigned hereby grants to each such attorney-in-fact full power and authority to do and perform any and every act and thing whatsoever requisite, necessary or proper to be done in the exercise of any of the rights and powers herein granted, as fully to all intents and purposes as the undersigned might or could do if personally present, with full power of substitution or revocation, hereby ratifying and confirming all that such attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall lawfully do or cause to be done by virtue of this power of attorney and the rights and powers herein granted. The undersigned acknowledges that the foregoing attorneys-in-fact, in serving in such capacity at the request of the undersigned, are not assuming, nor is the Company assuming, any of the undersigned's responsibilities to comply with Section 16 of the Act and the rules thereunder.

This Power of Attorney shall remain in full force and effect until the undersigned's filing of Forms 3, 4 and 5 with respect to the undersigned's holdings of and transactions in securities issued by the Company is no longer either required or deemed advisable in the opinion of the Company's Corporate Secretary, unless earlier revoked by the undersigned in a signed writing delivered to the Company's Office of the Corporate Secretary for distribution to each of the foregoing attorneys-in-fact.

IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to be executed as of this 11th day of August 2020.

Signature

/s/ Chris Villavarayan
Print Name: Chris Villavarayan