If I had to guess...
This looks like an SEC form accompanying a stock award for an employee. In this case a Mr Moore who happens to be a PAO (project accounting officer?) and interim PFO (project finance officer?). I'm guessing on those acronyms, have no idea what positions they denote. Perhaps Mr Moore negotiated to get 6,641 shares of the company stock (which, at the time of this filing, was worth approximately $100K) to take on the responsibility of the PFO in the interim while the company searched for a permanent PFO?
Under "Explanation of Responses" employees of a firm are generally restricted in their ownership of company stock - in particular when they can sell their shares or purchase new shares - as they might have inside insight/information that would not be available to the general public. Edit: in this case, they're doling out the award over a period of months and requiring Mr Moore to remain in the employ of the firm to collect his full "bonus". By setting predetermined future dates or windows for employees to transact in company shares (in this case acquire/vest in them) it alleviates suspicion of any rigging of the system for both the company and the employee.
Pretty standard stuff, tbh.
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Edit2: I just looked up the individual and PAO is Principal Accounting Officer, PFO is Principal Financial Officer.
If I had to guess...
This looks like an SEC form accompanying a stock award for an employee. In this case a Mr Moore who happens to be a PAO (project accounting officer?) and interim PFO (project finance officer?). I'm guessing on those acronyms, have no idea what positions they denote. Perhaps Mr Moore negotiated to get 6,641 shares of the company stock (which, at the time of this filing, was worth approximately $100K) to take on the responsibility of the PFO in the interim while the company searched for a permanent PFO?
Under "Explanation of Responses" employees of a firm are generally restricted in their ownership of company stock - in particular when they can sell their shares or purchase new shares - as they might have inside insight/information that would not be available to the general public. Edit: in this case, they're doling out the award over a period of months and requiring Mr Moore to remain in the employ of the firm to collect his full "bonus". By setting predetermined future dates or windows for employees to transact in company shares (in this case acquire/vest in them) it alleviates suspicion of any rigging of the system for both the company and the employee.
Pretty standard stuff, tbh.
If I had to guess...
This looks like an SEC form accompanying a stock award for an employee. In this case a Mr Moore who happens to be a PAO (project accounting officer?) and interim PFO (project finance officer?). I'm guessing on those acronyms, have no idea what positions they denote. Perhaps Mr Moore negotiated to get 6,641 shares of the company stock to take on the responsibility of the PFO in the interim while the company searched for a permanent PFO?
Under "Explanation of Responses" employees of a firm are generally restricted in their ownership of company stock - in particular when they can sell their shares or purchase new shares - as they might have inside insight/information that would not be available to the general public. Edit: in this case, they're doling out the award over a period of months and requiring Mr Moore to remain in the employ of the firm to collect his full "bonus".
If I had to guess...
This looks like an SEC form accompanying a stock award for an employee. In this case a Mr Moore who happens to be a PAO (project accounting officer?) and interim PFO (project finance officer?). I'm guessing on those acronyms, have no idea what positions they denote. Perhaps Mr Moore negotiated to get 6,641 shares of the company stock to take on the responsibility of the PFO in the interim while the company searched for a permanent PFO?
Under "Explanation of Responses" employees of a firm are generally restricted in their ownership of company stock - in particular when they can sell their shares or purchase new shares - as they might have inside insight/information that would not be available to the general public.