Lillian Tung - 25 Aug 2021 Form 4 Insider Report for SCHMITT INDUSTRIES INC

Role
Director
Signature
/s/ Lillian Tung
Issuer symbol
N/A
Transactions as of
25 Aug 2021
Net transactions value
-$2,352
Form type
4
Filing time
23 Sep 2021, 16:15:22 UTC
Next filing
21 Oct 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMIT Common Stock Award $0 +1,107 +31% $0.000000 4,666 25 Aug 2021 Direct F1
transaction SMIT Common Stock Tax liability $2,352 -443 -9.5% $5.31* 4,223 25 Aug 2021 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On the Transaction Date, the Reporting Person was granted the immediately vested shares as compensation for service on the Issuer's board of directors.
F2 Transaction represents the withholding of shares, at the value of $5.31 per share, to satisfy the tax withholding obligations following the grant of 1,107 shares of stock on August 25, 2021.