John Dunn - Dec 18, 2024 Form 4 Insider Report for SHYFT GROUP, INC. (SHYF)

Signature
/s/ Joshua A. Sherbin as Attorney In Fact for John Dunn
Stock symbol
SHYF
Transactions as of
Dec 18, 2024
Transactions value $
-$200,062
Form type
4
Date filed
12/20/2024, 05:41 PM
Previous filing
Apr 2, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction SHYF Common Stock Tax liability -$200K -16.3K -14.57% $12.31 95.3K Dec 18, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These shares were withheld by The Shyft Group, Inc. to satisfy tax withholding obligations incident upon the vesting of previously granted restricted stock units ("RSUs"). These RSUs were otherwise scheduled to vest in March 2025 but vesting was accelerated for the purpose of reducing or eliminating the excise tax under Section 280G and Section 4999 of the Internal Revenue Code of 1986 that would be imposed on amounts payable to the reporting person in connection with the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated December 16, 2024, by and among The Shyft Group, Inc., Aebi Schmidt Holding AG ("Aebi Schmidt"), ASH US Group, LLC, a direct, wholly owned subsidiary of Aebi Schmidt, and Badger Merger Sub, Inc.