secwatch.observer — SEC 8-K summary
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Issuer:     PIONEER POWER SOLUTIONS, INC. (PPSI)
CIK:        0001449792
Form:       8-K
Filed at:   2023-09-22T23:59:59+00:00
Accession:  0001493152-23-033424
Event type: other_material
Sentiment:  neutral
Materiality: 0.25
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pioneer Power CFO and CEO surrender shares to reimburse company for tax payments
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- CFO Michalec surrenders 72,719 shares to reimburse $481,220.28 in taxes paid on his RSU vesting.
- CEO Mazurek surrenders 44,363 shares to reimburse $272,829.32 in taxes paid on his RSU vesting.
- Share surrenders occur on September 20, 2023; value based on closing price on approval date.
- Michalec had previously repaid $34,000 via payroll withholding; remaining balance now covered by shares.
- Mazurek had no prior payroll withholding; full tax payment reimbursed via share cancellation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1449792/000149315223033424/0001493152-23-033424-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1449792/000149315223033424/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-033424

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