Form 4: Pineapple Energy CFO Eric Ingvaldson Reports Share Disposal for Tax Obligations

Pineapple Energy's CFO, Eric Ingvaldson, disposed of 8,839 common stock shares to cover tax obligations related to vesting restricted stock units on May 15, 2024.

Summary

• On May 15, 2024, Eric Ingvaldson, the Chief Financial Officer of Pineapple Energy Inc. (PEGY), disposed of 8,839 shares of common stock.
• The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
• The price per share was $0.09.
• Following the transaction, Ingvaldson directly owns 154,333 shares of Pineapple Energy Inc.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the disposal of shares by a company officer to cover tax obligations.

Key Dates

Keywords

Form 4, Pineapple Energy, PEGY, Eric Ingvaldson, CFO, Share Disposal, Tax Obligations, Restricted Stock Units, Beneficial Ownership