Michael C. Willoughby - Feb 21, 2023 Form 4 Insider Report for PFSWEB INC (PFSW)

Role
CEO/President, Director
Signature
/s/ Thomas J Madden by Power of Attorney
Stock symbol
PFSW
Transactions as of
Feb 21, 2023
Transactions value $
-$185,599
Form type
4
Date filed
2/23/2023, 03:06 PM
Previous filing
Mar 9, 2023
Next filing
Mar 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PFSW Common Stock Options Exercise $0 +19.3K +3.92% $0.00 511K Feb 21, 2023 Direct F1
transaction PFSW Common Stock Tax liability -$36.4K -5.35K -1.05% $6.80 505K Feb 21, 2023 Direct F2
transaction PFSW Common Stock Options Exercise $0 +18.2K +3.6% $0.00 523K Feb 21, 2023 Direct F3
transaction PFSW Common Stock Tax liability -$30.2K -4.43K -0.85% $6.80 519K Feb 21, 2023 Direct F2
transaction PFSW Common Stock Options Exercise $0 +11K +2.13% $0.00 530K Feb 21, 2023 Direct F3
transaction PFSW Common Stock Tax liability -$18.3K -2.69K -0.51% $6.80 527K Feb 21, 2023 Direct F2
transaction PFSW Common Stock Options Exercise $0 +29K +5.49% $0.00 556K Feb 21, 2023 Direct F4
transaction PFSW Common Stock Tax liability -$48.6K -7.15K -1.28% $6.80 549K Feb 21, 2023 Direct F2
transaction PFSW Common Stock Options Exercise $0 +31.5K +5.74% $0.00 581K Feb 21, 2023 Direct F5
transaction PFSW Common Stock Tax liability -$52.2K -7.67K -1.32% $6.80 573K Feb 21, 2023 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PFSW Restricted Stock Unit - 2020 LTI Options Exercise $0 -19.3K -100% $0.00* 0 Feb 21, 2023 Common Stock 19.3K Direct F6
transaction PFSW Restricted Stock Unit - 2021 LTI Options Exercise $0 -18.2K -50% $0.00 18.2K Feb 21, 2023 Common Stock 18.2K Direct F7
transaction PFSW Restricted Stock Unit - 2022 LTI Options Exercise $0 -11K -33.33% $0.00 22.1K Feb 21, 2023 Common Stock 11K Direct F7
transaction PFSW Performance Share Award - 2020 LTI Options Exercise $0 -29K -100% $0.00* 0 Feb 21, 2023 Common Stock 29K Direct F8
transaction PFSW Performance Share Award - 2021 LTI Options Exercise $0 -31.5K -48.77% $0.00 33.1K Feb 21, 2023 Common Stock 31.5K Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Issuance of Common Stock upon settlement of previously issued Restricted Stock Units granted under the Company's Employee Stock and Incentive Plan (the "Plan").
F2 Shares of Common Stock withheld by Issuer to satisfy tax withholding obligation.
F3 Issuance of Common Stock upon partial settlement of previously issued Restricted Stock Unit Award granted under the Plan.
F4 Issuance of Common Stock upon settlement of previously issued Performance Share Award granted under the Plan.
F5 Issuance of Common Stock upon partial settlement of previously issued Performance Share Award granted under the Company's Employee Stock and Incentive Plan.
F6 Settlement of Restricted Stock Unit Award issued under the Plan.
F7 Partial settlement of Restricted Stock Unit Award granted under the Plan whose remaining shares are subject to future vesting based on future service conditions and other terms and conditions of the Plan and the Restricted Stock Unit Award Agreement.
F8 Settlement of Performance Share Award issued under the Plan.
F9 Partial settlement of Performance Share Award issued under the Plan whose remaining shares are subject to future vesting based on future service and market price measurement conditions.