Michael C. Willoughby - Sep 29, 2023 Form 4 Insider Report for PFSWEB INC (PFSW)

Role
CEO/President, Director
Signature
/s/ Thomas J. Madden by Power of Attorney
Stock symbol
PFSW
Transactions as of
Sep 29, 2023
Transactions value $
-$23,249
Form type
4
Date filed
10/3/2023, 04:14 PM
Previous filing
Jul 5, 2023
Next filing
Oct 23, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSW Common Stock Award $0 +13.4K +2.03% $0.00 675K Sep 29, 2023 Direct F1
transaction PFSW Common Stock Tax liability -$23.2K -4.87K -0.72% $4.77 670K Sep 29, 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.