WILLOUGHBY MICHAEL C (CEO/President) exercised options at PFSWEB INC

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 5 exercises

WILLOUGHBY MICHAEL C

Filed: 2/23/2023ACC: 0001095315-23-000009

InsiderWILLOUGHBY MICHAEL CCIK 1233465

→

IssuerPFSWEB INCCIK 1095315

DirectorOfficer· CEO/President

Since Apr 2019

-27.29K

Net shares

Net seller

$185.6K

Total sold

Open market trades

0B · 0S

Total transactions

108.98K acquired · 136.27K disposed

Non-Derivative Transactions10

Common Stock

Direct

M · Option Exercise

+19.27K

Price / share

—

Trade value

—

% of position

3.9%

2/21/2023

491.33K→510.61K

Common Stock

Direct

F · Tax Withholding

−5.35K

Price / share

$6.80

Trade value

$36.41K

% of position

1.0%

2/21/2023

510.61K→505.25K

Common Stock

Direct

M · Option Exercise

+18.21K

Price / share

—

Trade value

—

% of position

3.6%

2/21/2023

505.25K→523.46K

Common Stock

Direct

F · Tax Withholding

−4.43K

Price / share

$6.80

Trade value

$30.15K

% of position

0.8%

2/21/2023

523.46K→519.03K

Common Stock

Direct

M · Option Exercise

+11.03K

Price / share

—

Trade value

—

% of position

2.1%

2/21/2023

519.03K→530.06K

Common Stock

Direct

F · Tax Withholding

−2.69K

Price / share

$6.80

Trade value

$18.27K

% of position

0.5%

2/21/2023

530.06K→527.37K

Common Stock

Direct

M · Option Exercise

+28.95K

Price / share

—

Trade value

—

% of position

5.5%

2/21/2023

527.37K→556.33K

Common Stock

Direct

F · Tax Withholding

−7.15K

Price / share

$6.80

Trade value

$48.59K

% of position

1.3%

2/21/2023

556.33K→549.18K

Common Stock

Direct

M · Option Exercise

+31.51K

Price / share

—

Trade value

—

% of position

5.7%

2/21/2023

549.18K→580.69K

Common Stock

Direct

F · Tax Withholding

−7.67K

Price / share

$6.80

Trade value

$52.18K

% of position

1.3%

2/21/2023

580.69K→573.01K

Total

Net shares

+81.68K

Net value

-$185.60K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	2/21/2023	M · Option Exercise	+19.27K	—	—	3.9%	491.33K	510.61K
Common Stock Direct	2/21/2023	F · Tax Withholding	−5.35K	$6.80	$36.41K	1.0%	510.61K	505.25K
Common Stock Direct	2/21/2023	M · Option Exercise	+18.21K	—	—	3.6%	505.25K	523.46K
Common Stock Direct	2/21/2023	F · Tax Withholding	−4.43K	$6.80	$30.15K	0.8%	523.46K	519.03K
Common Stock Direct	2/21/2023	M · Option Exercise	+11.03K	—	—	2.1%	519.03K	530.06K
Common Stock Direct	2/21/2023	F · Tax Withholding	−2.69K	$6.80	$18.27K	0.5%	530.06K	527.37K
Common Stock Direct	2/21/2023	M · Option Exercise	+28.95K	—	—	5.5%	527.37K	556.33K
Common Stock Direct	2/21/2023	F · Tax Withholding	−7.15K	$6.80	$48.59K	1.3%	556.33K	549.18K
Common Stock Direct	2/21/2023	M · Option Exercise	+31.51K	—	—	5.7%	549.18K	580.69K
Common Stock Direct	2/21/2023	F · Tax Withholding	−7.67K	$6.80	$52.18K	1.3%	580.69K	573.01K
Total			+81.68K		-$185.60K

Derivative Transactions5

Restricted Stock Unit - 2020 LTI

Direct

M · Option Exercise

Converts to

Common Stock

19.27K shares

−19.27K

Strike price

Held after

0.00

Exercisable

—

2/21/2023

Restricted Stock Unit - 2021 LTI

Direct

M · Option Exercise

Converts to

Common Stock

18.21K shares

−18.21K

Strike price

Held after

18.21K

Exercisable

—

2/21/2023

Restricted Stock Unit - 2022 LTI

Direct

M · Option Exercise

Converts to

Common Stock

11.03K shares

−11.03K

Strike price

Held after

22.07K

Exercisable

—

2/21/2023

Performance Share Award - 2020 LTI

Direct

M · Option Exercise

Converts to

Common Stock

28.95K shares

−28.95K

Strike price

Held after

0.00

Exercisable

—

2/21/2023

Performance Share Award - 2021 LTI

Direct

M · Option Exercise

Converts to

Common Stock

31.51K shares

−31.51K

Strike price

Held after

33.09K

Exercisable

—

2/21/2023

Security	Converts To	Date	Type	Shares	Exercisable	Held After
Restricted Stock Unit - 2020 LTI Direct	Common Stock19.27K shares	2/21/2023	M · Option Exercise	−19.27K	—	0.00
Restricted Stock Unit - 2021 LTI Direct	Common Stock18.21K shares	2/21/2023	M · Option Exercise	−18.21K	—	18.21K
Restricted Stock Unit - 2022 LTI Direct	Common Stock11.03K shares	2/21/2023	M · Option Exercise	−11.03K	—	22.07K
Performance Share Award - 2020 LTI Direct	Common Stock28.95K shares	2/21/2023	M · Option Exercise	−28.95K	—	0.00
Performance Share Award - 2021 LTI Direct	Common Stock31.51K shares	2/21/2023	M · Option Exercise	−31.51K	—	33.09K