Michael C. Willoughby - Jan 30, 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: Jan 30, 2023
Transactions value $: $0
Form type: 4
Date filed: 3/9/2023, 03:19 PM
Previous filing: Jan 5, 2023
Next filing: Feb 23, 2023

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	Performance Share Award- 2023 STI	Award	$0	+58.6K		$0.00	58.6K	Jan 30, 2023	Common Stock	58.6K		Direct	F1

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Issuance of Performance Share Award under the Company's Stock and Incentive Plan. Each performance share represents the contingent right to receive one share of Common Stock. Subject to vesting based upon the achievement by the Company and/or a business unit thereof of performance goals measured by adjusted EBITDA and/or revenue for the 2023 fiscal year (subject to adjustment) and contingent upon continued employment.

Content

Issuance of Performance Share Award under the Company's Stock and Incentive Plan. Each performance share represents the contingent right to receive one share of Common Stock. Subject to vesting based upon the achievement by the Company and/or a business unit thereof of performance goals measured by adjusted EBITDA and/or revenue for the 2023 fiscal year (subject to adjustment) and contingent upon continued employment.