Alpha Pro Tech (APT) CFO Colleen McDonald Receives RSU Award

What Happened Colleen J. McDonald, Chief Financial Officer of Alpha Pro Tech Ltd. (APT), received a grant of 30,000 time‑based restricted stock units (RSUs) on September 28, 2023. The Form 4 reports the acquisition price as $0 (award/grant, transaction code A). The RSUs are compensation awards and do not represent immediately tradable shares until they vest.

Key Details

• Transaction date: 2023-09-28 (reported in amended Form 4 filed 2026-09-29).
• Transaction type/code: Award/Grant (A). Reported acquisition: 30,000 RSUs at $0.00.
• Vesting: Footnote states these RSUs vest in full on the third anniversary of the grant date, subject to plan and award agreement.
• Shares owned after transaction: not specified in this amendment.
• Filing status: This is an amended Form 4 correcting the security type (original Form 4 filed Oct 2, 2023 erroneously reported restricted stock). The amendment was filed years later to correct the record.

Context RSUs are compensation that convert to shares only when they vest (here, a single‑date vest three years after grant), so this award does not represent an immediate purchase or sale. Awards are common executive compensation; they indicate compensation expense rather than a direct buy/sell decision by the insider. The acquisition price of $0 reflects that these were granted as compensation; to estimate dollar value, check APT’s stock price on the grant date.