Sec Form 4 Filing - VERHEUL RUDOLF CORNELIS STEFANUS @ Diversey Holdings, Ltd. - 2023-05-01

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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
VERHEUL RUDOLF CORNELIS STEFANUS
2. Issuer Name and Ticker or Trading Symbol
Diversey Holdings, Ltd. [ DSEY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Global Pres, Food & Beverage
(Last) (First) (Middle)
1300 ALTURA ROAD, SUITE 125
3. Date of Earliest Transaction (MM/DD/YY)
05/01/2023
(Street)
FORT MILL, SC29708
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Ordinary Shares, $0.0001 par value ( 1 ) ( 2 ) ( 3 ) 05/01/2023 A 116,831 A $ 0 491,246 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
VERHEUL RUDOLF CORNELIS STEFANUS
1300 ALTURA ROAD, SUITE 125
FORT MILL, SC29708
Global Pres, Food & Beverage
Signatures
/s/ Michael Chapman, by power of attorney 05/01/2023
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The reporting person was granted (i) 10,616 unvested closing restricted share units ("Closing RSUs"), (ii) 6,215 tax receivable agreement restricted share units ("TRA RSUs") and (iii) 100,000 retention restricted share units ("Retention RSUs"), in each case, granted under the Diversey Holdings, Ltd. 2021 Omnibus Incentive Plan.
( 2 )The Closing RSUs vest in full on December 31, 2024, subject to the reporting person's continued service to Diversey Holdings, Ltd. (the "Company") and its affiliates through the vesting date, except that a portion of Closing RSUs equal to the product obtained by multiplying such holder's Closing RSUs by a fraction equal to the number of full and partial months from and including January 1, 2023 through the holder's termination divided by 24 months shall vest on the date that such holder's employment with the Company and its affiliates is terminated without cause or by the holder for good reason. The TRA RSUs vest in full on December 31, 2024, subject to the reporting person's continued service to the Company and its affiliates, or on the date that such holder's employment with the Company and its affiliates is terminated without cause or by the holder for good reason.
( 3 )The Retention RSUs vest in full on December 31, 2024, subject to the reporting person's continued service to the Company and its affiliates through the vesting date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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