Cameron M. Tidball - 06 Apr 2022 Form 4 Insider Report for PROFIRE ENERGY INC

Role
Co-CEO
Signature
Todd Fugal as attorney-in-fact for Cameron M. Tidball
Issuer symbol
N/A
Transactions as of
06 Apr 2022
Net transactions value
$0
Form type
4
Filing time
04 Jan 2023, 18:26:31 UTC
Previous filing
04 Mar 2022
Next filing
21 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFIE Common Stock Award $0 +76,744 +16% $0.000000 562,089 06 Apr 2022 Direct F1
transaction PFIE Common Stock Tax liability $0 -10,228 -1.8% $0.000000 551,861 31 Dec 2022 Direct F2
transaction PFIE Common Stock Tax liability $0 -11,512 -2.1% $0.000000 540,349 31 Dec 2022 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On April 6, 2022, the Compensation Committee of the Company's Board of Directors approved a restricted stock award agreement ("RSA") with the reporting person which granted 76,744 restricted stock units, 25,581 of which vest on December 31, 2022, 25,581 of which vest on December 31, 2023, and 25,582 of which vest on December 31, 2024. The reporting person inadvertently failed to report the acquisition of these shares as no shares were actually delivered on April 6, 2022, however, the only vesting requirement for these awards is time-based and the first transaction pursuant to this RSA was on 12/31/22.
F2 These shares were withheld for payment of the tax liability for the shares that were awarded and vested on 12/31/22 pursuant to the previously reported 2021 Long-Term Incentive Plan.
F3 These shares were withheld for payment of the tax liability for the shares that were awarded and vested on 12/31/22 pursuant to the previously reported 2022 Long-Term Incentive Plan.