Pham Luan sold BYRN
April 29, 2024 · Form 4 insider transaction
Pham Luan sold 1,842 shares of Byrna Technologies Inc. at $13.67 per share, a transaction worth $25.2K. The trade was recorded as shares withheld for taxes and disclosed on an SEC Form 4, filed 900 days after the transaction.
Footnotes
In accordance with the terms of the Company's Amended and Restated 2020 Incentive Equity Plan and the Restricted Stock Unit Award Agreement, the Reporting Owner forfeited his rights to 1,842 shares of common stock that otherwise was due to him as part of an RSU settlement to cover the Reporting Owner's withholding tax obligations arising from settlement of vested restricted stock units. There was no market transaction in connection with this forfeiture. Reporting owner was issued the net number of shares (3,158) reflecting the 5,000 rsu settlement net of the 1,842 shares withhdeld for taxes calculated at the prior trading day's closing price of $13.67. The original form 4 incorrectly reported the number of shares forfeited and number of securities beneficially owned following the transaction.; The restricted stock units vested on 4/18/24 and were forfeited on 4/29/24.