James F. Oneil - Apr 13, 2022 Form 4 Insider Report for Orbital Infrastructure Group, Inc. (OIG)

Role: Chief Executive Officer, Director
Signature: /s/ James F. O'Neil III
Stock symbol: OIG
Transactions as of: Apr 13, 2022
Transactions value $: $0
Form type: 4
Date filed: 11/7/2022, 06:32 AM
Previous filing: Apr 5, 2022
Next filing: Jul 5, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OIG	Common Stock	Award		+32.4K	+2.04%		1.62M	Apr 13, 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. 373,055 shares were granted and 113,754 were withheld for payroll taxes. This form corrects the amount of shares withheld. A Form 4 filed on April 18, 2022 reported 146,153 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. 373,055 shares were granted and 113,754 were withheld for payroll taxes. This form corrects the amount of shares withheld. A Form 4 filed on April 18, 2022 reported 146,153 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.