Tidball Cameron M. 4
4 · PROFIRE ENERGY INC · Filed Jan 4, 2023
Insider Transaction Report
Form 4
Tidball Cameron M.
Co-CEO
Transactions
- Award
Common Stock
2022-04-06+76,744→ 562,089 total - Tax Payment
Common Stock
2022-12-31−10,228→ 551,861 total - Tax Payment
Common Stock
2022-12-31−11,512→ 540,349 total
Footnotes (3)
- [F1]On April 6, 2022, the Compensation Committee of the Company's Board of Directors approved a restricted stock award agreement ("RSA") with the reporting person which granted 76,744 restricted stock units, 25,581 of which vest on December 31, 2022, 25,581 of which vest on December 31, 2023, and 25,582 of which vest on December 31, 2024. The reporting person inadvertently failed to report the acquisition of these shares as no shares were actually delivered on April 6, 2022, however, the only vesting requirement for these awards is time-based and the first transaction pursuant to this RSA was on 12/31/22.
- [F2]These shares were withheld for payment of the tax liability for the shares that were awarded and vested on 12/31/22 pursuant to the previously reported 2021 Long-Term Incentive Plan.
- [F3]These shares were withheld for payment of the tax liability for the shares that were awarded and vested on 12/31/22 pursuant to the previously reported 2022 Long-Term Incentive Plan.