Alpha Pro Tech Amends Insider Filing, RSU Count Corrected to 5,615
Rhea-AI Filing Summary
Alpha Pro Tech Ltd (APT) filing amends a previously submitted Form 4 to correct the number of time-based restricted stock units granted to director Benjamin A. Shaw. The amendment states that on 09/29/2025 Mr. Shaw was granted 5,615 restricted stock units under the 2020 Omnibus Plan that vest in full on the first anniversary of the grant, and that the earlier filing incorrectly listed 4,740 units. The reported total shares beneficially owned following the transaction remains 10,355 as in the original filing. The amendment is signed by an attorney-in-fact on 09/30/2025.
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Insights
TL;DR: Amendment corrects a clerical error in RSU quantity; ownership totals unchanged, indicating a non-material reporting correction.
The filing is a routine corrective amendment limited to the reported number of time-based restricted stock units granted to a director. The corrected figure increases the disclosed grant from 4,740 to 5,615 RSUs, and the filing explicitly states the aggregate beneficial ownership of 10,355 shares was accurate in the original submission. From a compliance perspective, timely amendment by power-of-attorney signature addresses reporting accuracy obligations under Section 16.
TL;DR: This is an administrative correction to an insider grant disclosure and does not reflect a change in beneficial ownership totals.
The amendment clarifies the grant amount for RSUs that vest on the first anniversary of the grant under the companys 2020 Omnibus Plan. Because the aggregate beneficial ownership figure required no change, the correction appears clerical rather than substantive. Governance implications are limited: accurate disclosure was restored, preserving transparency regarding director compensation awards.