4/A: Alpha Pro Tech Director Corrects Beneficial Ownership After Stock Grant

Benjamin A. Shaw, a director at Alpha Pro Tech Ltd, files an amended Form 4 to correct the total amount of securities beneficially owned following a grant of restricted stock units.

Summary

• Benjamin A. Shaw, a director of Alpha Pro Tech Ltd, filed an amended Form 4 with the SEC.
• The amendment corrects the total amount of securities beneficially owned following a transaction on September 30, 2024.
• The original filing incorrectly stated the total as 14,153 shares, but the correct amount is 4,740 shares.
• The transaction involved the acquisition of 4,740 shares of common stock through time-based restricted stock units granted under the company's 2020 Omnibus Plan.
• These restricted stock units will vest in full on the first anniversary of the grant date, subject to the plan's terms.
• The filing was signed by Colleen McDonald, Attorney-in-Fact, on October 3, 2024.

Sentiment

Score: 6

Explanation: The document is a routine correction of a regulatory filing. While the initial error is a minor negative, the correction itself is a positive step towards transparency.

Negatives

• The initial Form 4 filing contained an incorrect total for securities beneficially owned, requiring an amendment.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The correction of the Form 4 filing ensures accurate information is available to shareholders regarding insider ownership.

Key Dates