Patrick D. Fisher - Mar 6, 2022 Form 4 Insider Report for PROFIRE ENERGY INC (PFIE)

Role: VP of Product Development
Signature: Todd Fugal as attorney-in-fact for Patrick D. Fisher
Stock symbol: PFIE
Transactions as of: Mar 6, 2022
Transactions value $: $18,500
Form type: 4
Date filed: 4/8/2022, 07:13 PM
Previous filing: Mar 4, 2022
Next filing: Jan 4, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PFIE	Common Stock	Award	$18.5K	+14.3K	+11.4%	$1.29	140K	Apr 6, 2022	Direct	F1
transaction	PFIE	Common Stock	Tax liability	$0	-600	-0.43%	$0.00	140K	Mar 6, 2022	Direct	F2
transaction	PFIE	Common Stock	Tax liability	$0	-1.2K	-0.86%	$0.00	138K	Mar 14, 2022	Direct	F2

* 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 Board of Directors approved a Restricted Stock Unit Award Agreement for the reporting person which which granted 14,341 restricted stock units, 4,780 of which vest on December 31, 2022, 4,780 of which vest on December 31, 2023, and 4,781 of which vest on December 31, 2024.
F2	Due to an administrative error the reporting person inadvertently failed to report shares that were withheld for payment of the tax liability for shares awarded pursuant to a Restricted Stock Unit Award. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transactions and correct total ownership as of April 6, 2022.

Content

On April 6, 2022, the Compensation Committee of the Board of Directors approved a Restricted Stock Unit Award Agreement for the reporting person which which granted 14,341 restricted stock units, 4,780 of which vest on December 31, 2022, 4,780 of which vest on December 31, 2023, and 4,781 of which vest on December 31, 2024.

Due to an administrative error the reporting person inadvertently failed to report shares that were withheld for payment of the tax liability for shares awarded pursuant to a Restricted Stock Unit Award. Section 16 forms filed after the late transaction incorrectly reported total ownership, and this Form 4 is being filed to both report the late transactions and correct total ownership as of April 6, 2022.