Most of those "flurries" come at the end of the final quarter of the year, which you probably have recently noticed; when the Directors and Officers do not take the shares owed them, but let the company keep the shares, which are considered sold back to the company, not on the open market.
These shares were withheld pursuant to the prior authorization of the Reporting Person to cover the tax liability resulting from the vesting of restricted stock units.
The restricted shares are that part of the compensation packages awarded annually.
"In lieu of compensation" means that in the annual pay package agreements with CPST, the Directors and Officers are also given shares along with cash payments every year, (noted in the proxy), that are distributed, in part, quarterly. The idea here is to promote the actual personal investment in the company's growth rather than just a pay check. If the company does well, the price of the awarded stocks will go up.You will see these total accumulated share holdings also noted on the From-4s.
It should be noted that the Directors get relatively small cash and stock rewards compared to the Officers.
These particular shares cannot be sold as they are restricted and will vest sometime in the future.
GLTY
