Palazzolo Vincent 4
4 · CPI AEROSTRUCTURES INC · Filed Apr 3, 2019
Insider Transaction Report
Form 4
Palazzolo Vincent
Chief Financial Officer
Transactions
- Award
Common Stock
2019-04-02+16,542→ 66,726 total - Disposition to Issuer
Common Stock
2019-04-02+6,224→ 50,184 total - Tax Payment
Common Stock
2019-04-02$6.53/sh−2,060$13,452→ 64,666 total
Footnotes (2)
- [F1]Represents the forfeiture of performance-based restricted stock originally granted to the reporting person on August 2, 2016, March 1, 2017, and March 21, 2018, 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 April 2, 2019, the Company determined that, based on the Company's performance over the applicable performance period, an aggregate of 6,224 shares would be forfeited.
- [F2]Represents shares withheld to satisfy tax obligations.