Palazzolo Vincent 4
4 · CPI AEROSTRUCTURES INC · Filed Mar 26, 2018
Insider Transaction Report
Form 4
Palazzolo Vincent
Chief Financial Officer
Transactions
- Disposition to Issuer
Common Stock
2018-03-22+4,599→ 57,931 total - Tax Payment
Common Stock
2018-03-22$8.20/sh−1,523$12,489→ 56,408 total
Footnotes (2)
- [F1]Represents the forfeiture of performance-based restricted stock originally granted to the reporting person on March 1, 2017, which were eligible to vest based on certian financial performance objectives. Upon grant, the target vesting amount was reported in Table I of Form 4. On March 22, 2018, the Company determined that, based on the Company's performance over the applicable performance period, 1,707 shares would be forfeited.
- [F2]Represents shares withheld to satisfy tax obligations.