Lillian Tung - Oct 19, 2021 Form 4 Insider Report for SCHMITT INDUSTRIES INC (SMIT)

Role
Director
Signature
/s/ Lillian Tung
Stock symbol
SMIT
Transactions as of
Oct 19, 2021
Transactions value $
-$2,349
Form type
4
Date filed
10/21/2021, 05:29 PM
Previous filing
Sep 23, 2021
Next filing
Jan 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMIT Common Stock Award $0 +1.52K +35.95% $0.00 5.74K Oct 19, 2021 Direct F1
transaction SMIT Common Stock Tax liability -$2.35K -607 -10.57% $3.87* 5.13K Oct 19, 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 $3.87 per share, to satisfy the tax withholding obligations following the grant of 1,518 shares of stock on October 19, 2021.