Alpha Pro Tech (APT) Form 4: Director receives restricted stock units
Rhea-AI Filing Summary
Dr. John Ritota, a director of Alpha Pro Tech Ltd (APT), received a grant of 5,615 time-based restricted stock units under the companys 2020 Omnibus Plan that vest in full on the first anniversary of the grant, subject to the plan and award agreement. After the reported transaction the filing shows Dr. Ritota beneficially owns 48,355 shares of APT common stock. The form also reports indirect holdings of 5,000 shares held by his daughter and 7,000 shares held by his spouse, which Dr. Ritota disclaims beneficial ownership of. This disclosure reflects a routine equity award to a director and the current direct and indirect ownership positions reported on the Form 4.
Positive
- Director equity grant aligns interests The 5,615 time-based restricted stock units vesting in one year tie the directors compensation to shareholder value.
Negative
- None.
Insights
TL;DR: Routine director equity award that aligns management and shareholders; no governance red flags in the disclosure.
The Form 4 discloses a time-based restricted stock unit grant that vests in one year, which is a common mechanism to align a directors interests with long-term shareholder value. The reporting person is identified as a director and reports both direct and disclaimed indirect holdings, consistent with standard disclosure practices. There is no indication of related-party transactions beyond customary family-held shares for which the director disclaims beneficial ownership. Overall, this filing is standard governance disclosure without material control changes or unusual terms disclosed.
TL;DR: Minor insider award; unlikely to move market or materially affect share count.
The award of 5,615 restricted stock units is modest relative to typical public-company floats and will only vest subject to the plan terms, implying limited immediate dilution or selling pressure. The report shows total direct beneficial ownership of 48,355 shares after the grant, with additional family-held shares disclaimed. From a securities perspective this is a routine disclosure of compensation-related equity and personal holdings, not a significant signal of corporate strategy or financial stress.