Form 4: Pineapple Energy Inc. Corporate Controller Reports Tax-Related Stock Disposal
SEC Form 4 Filing
Kristin Hlavka, Corporate Controller of Pineapple Energy Inc., reports the disposal of 4,544 shares of common stock to cover tax obligations related to vesting restricted stock units.
Summary
- On March 20, 2024, Kristin Hlavka, the Corporate Controller of Pineapple Energy Inc. (PEGY), disposed of 4,544 shares of common stock.
- The disposal was executed to satisfy tax withholding obligations related to the vesting of restricted stock units.
- The price per share for the transaction was $0.07.
- Following the transaction, Hlavka directly owns 101,834 shares of common stock and indirectly owns 2,380.435 shares through an ESOP.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and does not indicate any strategic shift or concern.
Industry Context
This filing is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for corporate officers.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Date of transaction: Disposal of 4,544 shares of common stock. |
| 03/22/2024 | Date of signature by Attorney-in-fact. |
Keywords
Form 4, Beneficial Ownership, Insider Trading, Kristin Hlavka, Pineapple Energy Inc., PEGY, Stock Disposal, Tax Withholding, Restricted Stock Units, ESOP
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