Alpha Pro Tech (APT) CEO Lloyd Hoffman Receives Award, Withholds Shares

What Happened
Lloyd Hoffman, CEO & President (and Director) of Alpha Pro Tech Ltd. (APT), had 45,000 time‑based restricted stock units vest on 2026‑09‑28 (acquired at $5.04/share, value $226,800). To cover tax withholding related to the vesting, 26,765 shares were withheld/disposed at $5.04/share (value $134,896). This was an award/vesting event, not an open‑market purchase or sale.

Key Details

• Transaction date(s): 2026-09-28; Form 4 filed 2026-09-30 (timely — Form 4 is generally due within two business days).
• Codes: A = Grant/award (45,000 shares @ $5.04 = $226,800); F = Tax withholding (26,765 shares @ $5.04 = $134,896).
• Award plan: RSUs granted under the Alpha Pro Tech, Ltd. 2020 Omnibus Plan. Footnote notes these were time‑based RSUs granted 9/28/2023 that vest in full on the third anniversary (9/28/2026).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness: On time (filed 9/30/2026 for 9/28/2026 transaction).

Context

• This was a vesting of RSUs (award), with a portion of the newly vested shares withheld to satisfy tax obligations — a common administrative step and not an open‑market sale.
• Such withholding (code F) is routine and does not by itself indicate the insider buying or selling stock on the market.