Daniel R. Sheehan - Jan 3, 2022 Form 4 Insider Report for Professional Holding Corp. (PFHD)

Role
Chief Executive Officer, Director
Signature
Michael C. Sontag, as attorney in fact
Stock symbol
PFHD
Transactions as of
Jan 3, 2022
Transactions value $
$570,868
Form type
4
Date filed
1/5/2022, 06:32 PM
Previous filing
Dec 6, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFHD Class A Common Tax liability -$54.4K -2.84K -3.69% $19.16* 74.2K Jan 3, 2022 Direct F1
transaction PFHD Class A Common Award $688K +35K +47.2% $19.65* 109K Jan 5, 2022 Direct F2
transaction PFHD Class A Common Tax liability -$62.4K -3.22K -2.95% $19.40* 106K Jan 5, 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This amount represents shares of Class A Common Stock withheld to satisfy tax obligations in connection with the vesting of 11,667 shares of restricted Class A Common Stock granted on 12/31/19.
F2 This amount represents 35,000 shares of restricted Class A Common Stock granted and issued under Professional Holding Corp.'s 2019 Equity Incentive Plan. The grant vests in three annual installments commencing 01/05/22. The closing market price on the date of the grant was $19.65.
F3 This amount represents shares of Class A Common Stock withheld to satisfy tax obligations in connection with the vesting of 11,667 shares of restricted Class A Common Stock granted on 01/04/21.