William J. Clough - 13 Apr 2022 Form 4 Insider Report for Orbital Infrastructure Group, Inc.

Role: Exec Chairman and Gen Counsel, Director
Signature: /s/ William J. Clough
Issuer symbol: N/A
Transactions as of: 13 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 07 Nov 2022, 06:31:24 UTC
Previous filing: 14 Feb 2022
Next filing: 17 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OIG	common stock	Award		+12,171	+1.7%		744,256	13 Apr 2022	Direct	F1

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

Explanation of Responses:

Id	Content
F1	Fully vested RSUs, which were immediately convertible to common stock, were issued in connection with the cancellation of previously issued cash-settled SARs. 457,224 shares were granted and 166,186 were withheld for payroll taxes. This form corrects the amount of shares withheld. A Form 4 filed on April 18, 2022 reported 178,357 calculated to be withheld for payroll taxes. This amount was based on a $2.05 stock price. The appropriate price was $1.94 based on a January 14, 2022 value date. This updated form also reflects updated withholding rates. The shares representing the difference in shares withheld for tax withholding were issued to correct the noted errors in stock price and withholding rates.

Content

Fully vested RSUs, which were immediately convertible to common stock, were issued in connection with the cancellation of previously issued cash-settled SARs. 457,224 shares were granted and 166,186 were withheld for payroll taxes. This form corrects the amount of shares withheld. A Form 4 filed on April 18, 2022 reported 178,357 calculated to be withheld for payroll taxes. This amount was based on a $2.05 stock price. The appropriate price was $1.94 based on a January 14, 2022 value date. This updated form also reflects updated withholding rates. The shares representing the difference in shares withheld for tax withholding were issued to correct the noted errors in stock price and withholding rates.