Karen L. Howard - Aug 15, 2022 Form 4 Insider Report for SERVOTRONICS INC /DE/ (SVT)

Role
Director
Signature
Michael C. Donlon, attorney-in-fact for Karen L. Howard
Stock symbol
SVT
Transactions as of
Aug 15, 2022
Transactions value $
$25,004
Form type
4
Date filed
8/17/2022, 05:19 PM
Previous filing
Apr 27, 2022
Next filing
Jun 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SVT Common Stock Award $25K +2.27K +1922.88% $11.02 2.39K Aug 15, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Grant of restricted stock as the annual stock retainer under the Servotronics, Inc. Non-Employee Director Compensation Program and the Company's 2022 Equity Incentive Plan. These shares of restricted stock vested one-fourth on the date of grant and will vest one-fourth on each of the regularly scheduled quarterly board meetings to review the financial statements for the quarters ending September 30 and December 31, 2022 and the remainder of which shall vest on the date of the 2023 annual meeting.