Patrick David Fisher - 06 Mar 2022 Form 4 Insider Report for PROFIRE ENERGY INC

Role: VP of Product Development
Signature: Todd Fugal as attorney-in-fact for Patrick D. Fisher
Issuer symbol: N/A
Transactions as of: 06 Mar 2022
Net transactions value: +$18,500
Form type: 4
Filing time: 08 Apr 2022, 19:13:56 UTC
Previous filing: 04 Mar 2022
Next filing: 04 Jan 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	$18,500	+14,341	+11%	$1.29	140,105	06 Apr 2022	Direct	F1
transaction	PFIE	Common Stock	Tax liability	$0	-600	-0.43%	$0.000000	139,505	06 Mar 2022	Direct	F2
transaction	PFIE	Common Stock	Tax liability	$0	-1,200	-0.86%	$0.000000	138,305	14 Mar 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.