Levesque Pamela 4/A
Research Summary
AI-generated summary
CPI Aerostructures (CVU) Director Pamela Levesque Forfeits 3,704 Shares
What Happened
Pamela Levesque, a CPI Aerostructures director who was appointed interim chief financial officer, recorded a disposition to the issuer of 3,704 shares on July 22, 2025. The shares were disposed at $0.00 (no cash proceeds). These shares represent previously reported unvested non-employee director restricted stock units (RSUs) issued January 10, 2025 that were forfeited upon her appointment as interim CFO. The forfeiture itself was reported on a Form 5 filed the same date; this Form 4 is an amended filing to correct previously reported beneficial ownership.
Key Details
- Transaction date and type: 2025-07-22 — Disposition to issuer (forfeiture) of 3,704 shares at $0.00 (total $0).
- Filing type: Amended Form 4 filed 2026-02-06 to correct the reported amount of securities beneficially owned.
- Shares owned after transaction: The filing corrects the total beneficial ownership amount (see Footnote F2); the exact corrected total is reported in the amendment.
- Footnotes: F1 explains these were unvested director RSUs forfeited upon her appointment as interim CFO and that the forfeiture is reported on a Form 5 of even date. F2 notes the filing corrects ownership after the forfeiture and adds three shares omitted earlier due to a clerical error.
- No cash received and not an open-market sale — this is a company forfeiture/surrender, not a market transaction.
Context
A disposition to the issuer for $0 typically means RSUs were forfeited or surrendered (here due to a change in role) and does not represent a sell decision in the public market. The amendment and concurrent Form 5 are administrative corrections to prior filings and ownership totals; such corrections are important for accurate insider-ownership records but do not, by themselves, indicate trading intent.