Lillian Tung - Jan 14, 2022 Form 4 Insider Report for SCHMITT INDUSTRIES INC (SMIT)

Role
Director
Signature
/s/ Lillian Tung
Stock symbol
SMIT
Transactions as of
Jan 14, 2022
Transactions value $
-$2,451
Form type
4
Date filed
1/18/2022, 06:47 PM
Previous filing
Oct 21, 2021
Next filing
Apr 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SMIT Common Stock Award $0 +1.19K +23.18% $0.00 6.32K Jan 14, 2022 Direct F1
transaction SMIT Common Stock Tax liability -$2.45K -476 -7.53% $5.15* 5.85K Jan 14, 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.