Thursday, January 23, 2020 2:22:17 PM
On January 15, 2020, Mr. Pierson automatically surrendered 35,999 of the 81,169 newly-vested shares to the Company to satisfy the tax withholding obligation triggered upon the December 17, 2019 vesting. The automatic surrender of newly-vested shares is the Company's default process for paying tax withholding obligations triggered upon the vesting of restricted stock.
INCONSISTENCIES tell the Real Story... The Problem: FAILURE by a CEO in PENNYLAND, is not only an Acceptable Practice, it REWARDS a CEO... It's much EASIER for CEO to make money selling Company shares, than Build a Company.
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