McCrosson Douglas 4
4 · CPI AEROSTRUCTURES INC · Filed Aug 27, 2020
Insider Transaction Report
Form 4
McCrosson Douglas
Chief Operating Officer
Transactions
- Disposition to Issuer
Common Stock
2020-08-26−18,930→ 107,176 total - Tax Payment
Common Stock
2020-08-26$3.21/sh−6,266$20,114→ 142,910 total - Award
Common Stock
2020-08-26+42,009→ 149,176 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, March 21, 2018, and April 2, 2019, 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 August 26, 2020, the Company determined that, based on the Company's performance over the applicable performance period, an aggregate of 18,930 shares would be forfeited.
- [F2]Represents shares withheld to satisfy tax obligations.