Wojciech Michalec - 25 Apr 2022 Form 4 Insider Report for PIONEER POWER SOLUTIONS, INC. (PPSI)

Role: Chief Financial Officer
Signature: /s/ Walter Michalec
Issuer symbol: PPSI
Transactions as of: 25 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 26 Apr 2022, 20:29:10 UTC
Previous filing: 18 Nov 2021
Next filing: 17 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PPSI	Common Stock	Award		+375,000			375,000	25 Apr 2022	Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The reporting person received restricted stock units pursuant to the Pioneer Power Solutions, Inc. 2021 Long-Term Incentive Plan, with vesting terms as follows: (i) 125,000 units on May 1, 2022, (ii) an additional 125,000 units on May 1, 2023, and (iii) the remaining 125,000 units on May 1, 2024, provided that the reporting person is employed by Pioneer Power Solutions, Inc. (the "Company") or a subsidiary of the Company on each such vesting date. The vested RSUs shall be converted into shares of the Company's common stock no later than March 15 of the calendar year following the calendar year in which such RSUs vested.

Content

The reporting person received restricted stock units pursuant to the Pioneer Power Solutions, Inc. 2021 Long-Term Incentive Plan, with vesting terms as follows: (i) 125,000 units on May 1, 2022, (ii) an additional 125,000 units on May 1, 2023, and (iii) the remaining 125,000 units on May 1, 2024, provided that the reporting person is employed by Pioneer Power Solutions, Inc. (the "Company") or a subsidiary of the Company on each such vesting date. The vested RSUs shall be converted into shares of the Company's common stock no later than March 15 of the calendar year following the calendar year in which such RSUs vested.