MICHAEL C. WILLOUGHBY - 29 Sep 2023 Form 4 Insider Report for PFSWEB INC

Role
CEO/President, Director
Signature
/s/ Thomas J. Madden by Power of Attorney
Issuer symbol
N/A
Transactions as of
29 Sep 2023
Net transactions value
-$23,249
Form type
4
Filing time
03 Oct 2023, 16:14:55 UTC
Previous filing
05 Jul 2023
Next filing
23 Oct 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSW Common Stock Award $0 +13,441 +2% $0.000000 674,681 29 Sep 2023 Direct F1
transaction PFSW Common Stock Tax liability $23,249 -4,874 -0.72% $4.77 669,807 29 Sep 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of Common Stock for a portion of the quarterly remuneration for Executive under the Executive Employment and Severance Agreement Amended and Restated by and between PFSweb, Inc. and Michael C Willoughby.
F2 Shares of Common Stock withheld by Issuer to satisfy tax withholding obligation.
F3 As of the filing date of this report, the reporting person directly beneficially owns 669,807 shares, 2,450 less than the number previously reported after giving effect to this report. The reporting person and the issuer have diligently reviewed all reporting person transactions and believe that the variance is the result of an inadvertent, administrative reporting error.