Herlin Robert S 4
4 · Enservco Corp · Filed Mar 8, 2022
Insider Transaction Report
Form 4
Enservco CorpENSV
Herlin Robert S
Director
Transactions
- Award
Common Stock
2022-03-07+35,170→ 82,959 total
Footnotes (2)
- [F1]Grant of Restricted Stock for services in 2022. Restrictions lapse on the earlier of: (i) one (1) year of service; (ii) the next Annual Shareholders Meeting; or (iii) due to resignation of the Board Member following a Change in Control.
- [F2]Although such restricted shares were issued on 3/7/22, the shares were required to be issued on 1/1/22 based upon the Company's Board compensation policy (as indicated in the Company's Proxy Statement related to the 2021 Annual Meeting of Stockholders). Therefore, the shares were valued utilizing the closing sales price of $0.83 on 12/31/21, pursuant to such policy, in order to achieve an award with a total valuation of $30,000 based on such price.