Form 4: Enservco Corp Director Robert S. Herlin Reports Changes in Beneficial Ownership

Director Robert S. Herlin reports acquisition and disposal of Enservco Corp common stock related to restricted stock grant.

Summary

• Robert S. Herlin, a director of Enservco Corp, filed a Form 4 with the SEC.
• The report details changes in his beneficial ownership of Enservco Corp's common stock.
• On April 4, 2024, Herlin acquired 119,048 shares of common stock as a grant of restricted stock for services in 2024.
• The shares were granted at a price of $0.
• Also on April 4, 2024, Herlin disposed of 119,048 shares of common stock.
• The shares shall vest on the earlier of (i) Issuer's next Annual Shareholders Meeting or (ii) the one-year anniversary of the issuance effective date, provided the Reporting Person is still a director on such vesting date.
• Following these transactions, Herlin beneficially owns 220,412 shares of Enservco Corp.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Positives

• The grant of restricted stock to a director aligns their interests with the company's long-term success.

Future Outlook

The vesting of the restricted stock is contingent on the earlier of the next Annual Shareholders Meeting or the one-year anniversary of the issuance date, provided the Reporting Person is still a director on such vesting date.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency regarding the transactions of company insiders. This filing indicates changes in the director's holdings of company stock.

Stakeholder Impact

• The change in ownership may be of interest to shareholders.

Key Dates

Keywords

Form 4, beneficial ownership, Enservco Corp, ENSV, Robert S. Herlin, restricted stock, director