4/A: APT Director Amends RSU Grant Filing

Alpha Pro Tech Director Benjamin A Shaw amended a Form 4 filing to correct the number of restricted stock units granted.

Summary

• Benjamin A Shaw, a Director of Alpha Pro Tech Ltd. (APT), filed an amended Form 4 (Form 4/A) to correct a previously reported transaction.
• The amendment addresses a clerical error in the number of common stock shares acquired through a grant of time-based restricted stock units (RSUs).
• The corrected number of RSUs granted on September 29, 2025, is 5,615 shares, an increase from the originally reported 4,740 shares.
• These RSUs were granted under the Alpha Pro Tech, Ltd. 2020 Omnibus Plan and are scheduled to vest in full on the first anniversary of the grant date.
• The total amount of securities beneficially owned by Mr. Shaw following the reported transaction remains 10,355 shares, as the original total was correct despite the error in the acquired amount.

Sentiment

Score: 6

Explanation: The filing clarifies an insider's restricted stock unit grant, correcting a clerical error. The grant itself is a positive for the director, and the correction demonstrates transparency, leading to a slightly positive sentiment.

Positives

• Director Benjamin A Shaw received a grant of 5,615 time-based restricted stock units at a price of $0, which aligns his interests with shareholders.
• The company demonstrated transparency by promptly correcting a clerical error in an insider transaction filing, ensuring accurate public disclosure.

Negatives

• An initial clerical error occurred in the original Form 4 filing regarding the number of shares granted to a director, requiring an amendment.

Risks

• No specific risks were identified in this Form 4/A filing.

Future Outlook

The restricted stock units granted to Director Benjamin A Shaw are time-based and will vest in full on the first anniversary of the grant date, subject to the terms of the 2020 Omnibus Plan and the applicable award agreement.

Industry Context

This filing pertains to an individual insider transaction and does not provide information relevant to broader industry trends or competitor analysis.

Stakeholder Impact

• Shareholders: Provides clearer and more accurate information regarding a director's equity compensation and holdings, enhancing transparency.

Next Steps

• The granted restricted stock units will vest in full on the first anniversary of the grant date (September 29, 2026).

Key Dates

Keywords

Alpha Pro Tech, APT, Form 4/A, Insider Transaction, Restricted Stock Units, RSU Grant, Director Compensation, SEC Filing, Clerical Error