R. Zach Thomann - Jan 30, 2023 Form 4 Insider Report for PFSWEB INC (PFSW)

Role
COO / Executive Vice President
Signature
/s/ Thomas J Madden by Power of Attorney
Stock symbol
PFSW
Transactions as of
Jan 30, 2023
Transactions value $
$0
Form type
4
Date filed
3/9/2023, 03:18 PM
Previous filing
Nov 28, 2022
Next filing
Feb 23, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PFSW Performance Share Award- 2023 STI Award $0 +55.4K $0.00 55.4K Jan 30, 2023 Common Stock 55.4K Direct F1
transaction PFSW Performance Share Award- 2023 LTI Award $0 +71.5K $0.00 71.5K Jan 30, 2023 Common Stock 71.5K Direct F2
transaction PFSW Restricted Stock Unit- 2023 LTI Award $0 +55K $0.00 55K Jan 30, 2023 Common Stock 55K Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of Performance Share Award under the Company's Stock and Incentive Plan. Each performance share represents the contingent right to receive one share of Common Stock. Subject to vesting based upon the achievement by the Company and/or a business unit thereof of performance goals measured by adjusted EBITDA and/or revenue for the 2023 fiscal year (subject to adjustment) and contingent upon continued employment.
F2 Issuance of Performance Share Award under the Company's Stock and Incentive Plan. Each performance share represents the contingent right to receive one share of Common Stock. Subject to three year annual vesting beginning in the 2023 fiscal year, contingent upon continued employment and achievement by the Company of certain financial performance goals, and the other terms and conditions of the Plan and PSU Award Agreement.
F3 Issuance of Restricted Stock Unit Award under the Company's Stock and Incentive Plan. Each RSU represents a right to receive one share of Common Stock. Subject to three year annual vesting beginning in the 2023 fiscal year, contingent upon continued employment, and the other terms and conditions of the Plan and RSU Award Agreement.