David A. King - 26 Jan 2023 Form 4 Insider Report for ARTS WAY MANUFACTURING CO INC (ARTW)

Role
President and CEO
Signature
/s/ Edward Peilen as attorney-in-fact for David Alan King pursuant to power of attorney previously filed.
Issuer symbol
ARTW
Transactions as of
26 Jan 2023
Transactions value $
-$8,119
Form type
4
Filing time
30 Jan 2023, 16:58:56
Previous filing
23 Jan 2023
Next filing
06 Apr 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ARTW Common Stock Award $0 +25K +23.54% $0.00 131K 26 Jan 2023 Direct F1
transaction ARTW Common Stock Tax liability -$8.12K -3.22K -2.46% $2.52 128K 27 Jan 2023 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents 25,000 shares of restricted stock for which risks of forfeiture lapse as to 8,334 shares on 1/26/2024 and as to 8,333 shares on each of 1/26/2025 and 1/26/2026.
F2 Represents shares forfeited to pay withholding taxes in connection with the vesting and delivery of restricted stock.
F3 Includes (i) 59,657 shares of fully vested stock; (ii) 20,000 shares of restricted stock for which risks of forfeiture lapse on 3/30/23; (iii) 6,666 shares of restricted stock for which risks of forfeiture lapse on 1/19/24; (iv) 16,666 shares of restricted stock for which risks of forfeiture lapse as to 8,333 shares on each of 1/27/24 and 1/27/25; and (v) 25,000 shares of restricted stock for which risks of forfeiture lapse as to 8,334 shares on 1/26/2024 and as to 8,333 shares on each of 1/26/2025 and 1/26/2026.