Pan Anthony X 4

What Happened

• Anthony X. Pan, VP of Sales & Business Development at Ascent Industries (ACNT), had 5,028 performance stock units vest on March 26, 2026 (acquired at an attributed value of $12.84 each, $64,560 total). The next day, 1,733 shares were disposed (sold) at $12.85 each to satisfy tax withholding obligations, generating proceeds of $22,269.

Key Details

• Transaction dates and prices:
  • 2026-03-26: Award/acquisition of 5,028 shares at $12.84 (total value $64,560).
  • 2026-03-27: Disposal of 1,733 shares at $12.85 (withholding sale, $22,269).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnotes:
  • F1: These were performance stock units that vested at 109% of target based on adjusted EBITDA performance.
  • F2: The disposed 1,733 shares represent the number required to be sold to cover tax withholding.
• Filing: Form 4 filed on 2026-03-30 (no late filing flag indicated in the provided data).

Context

• This was a vesting of performance-based restricted stock (an award), not an open-market purchase. The subsequent share disposition was a routine tax-withholding sale (code F) rather than an opportunistic sell-off — common when shares vest and taxes are due. For retail investors, awards signal compensation tied to company performance but do not by themselves indicate the insider is buying or selling for investment reasons.