Hatch Brenton W 4/A
4/A · PROFIRE ENERGY INC · Filed Mar 11, 2020
Insider Transaction Report
Form 4/AAmended
Hatch Brenton W
DirectorChief Executive Officer10% Owner
Transactions
- Award
Common Stock
2020-03-04$1.20/sh+212,512$255,014→ 873,852 total - Tax Payment
Common Stock
2020-03-04−57,379→ 816,473 total
Holdings
- 8,205,560(indirect: By LLC)
Common Stock
Footnotes (4)
- [F1]The shares of Common Stock represent the amount awarded pursuant to the Issuer's 2019 Executive Annual Incentive Plan previously filed with the SEC.
- [F2]The price per share reflects the weighted average share price for the five days prior to the grant of the award. This calculation is in accordance with the executive's Annual Incentive Plan as previously filed with the SEC.
- [F3]These shares were withheld for payment of the tax liability for the shares awarded pursuant to the previously reported 2019 AIP.
- [F4]The original Form 4, filed on March 6, 2020, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the number of shares withheld to cover the taxes and fees related to shares issued pursuant to the 2019 AIP award. The original Form 4 reported that 2,126 shares were withheld when 57,379 shares were actually withheld. As a result of this administrative error, the number of shares beneficially owned by the reporting person following the corrected transaction reflects a reduction in the number of shares reported as beneficially owned by the reporting person by 55,253 shares.