Lillian Tung - 14 Jan 2022 Form 4 Insider Report for SCHMITT INDUSTRIES INC

Role
Director
Signature
/s/ Lillian Tung
Issuer symbol
N/A
Transactions as of
14 Jan 2022
Net transactions value
-$2,451
Form type
4
Filing time
18 Jan 2022, 18:47:29 UTC
Previous filing
21 Oct 2021
Next filing
18 Apr 2022
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 +1,190 +23% $0.000000 6,324 14 Jan 2022 Direct F1
transaction SMIT Common Stock Tax liability $2,451 -476 -7.5% $5.15* 5,848 14 Jan 2022 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 $5.15 per share, to satisfy the tax withholding obligations following the grant of 1,190 shares of stock on January 14, 2022.