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Ownership Document |
Schema Version: X0508 |
Document Type: 4 |
Period of Report: 3/6/24 |
Not Subject to Section 16: 0 |
Issuer: |
| Issuer CIK: 1289636 |
| Issuer Name: PROFIRE ENERGY INC |
| Issuer Trading Symbol: PFIE |
Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1774877 |
| | Owner Name: Fisher Patrick David |
| Reporting Owner Address: |
| | Owner Street 1: 321 SOUTH 1250 WEST |
| | Owner Street 2: |
| | Owner City: LINDON |
| | Owner State: UT |
| | Owner ZIP Code: 84042 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? No |
| | Is Officer? Yes |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| | Officer Title: VP of Product Development |
Aff 10b5 One: 0 |
Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/6/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 24,856 |
| Footnote ID: F1 |
| | | Transaction Price Per Share: |
| Value: 1.474 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 229,437 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/6/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 9,943 |
| Footnote ID: F3 |
| | | Transaction Price Per Share: |
| Value: 1.44 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 219,494 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/6/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: A |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 15,991 |
| Footnote ID: F4 |
| | | Transaction Price Per Share: |
| Value: 1.44 |
| | | Transaction Acquired-Disposed Code: |
| Value: A |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 235,485 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Common Stock |
| | Transaction Date: |
| | | Value: 3/6/24 |
| | Transaction Coding: |
| | | Transaction Form Type: 4 |
| | | Transaction Code: F |
| | | Equity Swap Involved? No |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 6,397 |
| Footnote ID: F5 |
| | | Transaction Price Per Share: |
| Value: 1.44 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 229,088 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
Derivative Table: |
Footnotes: |
| Footnote - F1: The shares of Common Stock represent the amount awarded pursuant to the Issuer's 2023 Executive Annual Incentive Plan previously filed with the SEC. |
| Footnote - F2: The price per share reflects the weighted average share price for the five days prior to the grant of the award. This calculation is in accordance with the executive's Annual Incentive Plan as previously filed with the SEC. |
| Footnote - F3: These shares were withheld for payment of the tax liability for the shares awarded pursuant to the previously reported 2023 AIP. |
| Footnote - F4: These shares were awarded pursuant to the 2021 long-term incentive plan as previously filed with the SEC. |
| Footnote - F5: These shares were withheld for payment of the tax liability for the shares that were awarded and vested on 3/6/24 under the previously reported 2021 Long-Term Incentive Plan. |
Remarks: |
Owner Signature: |
| Signature Name: Todd Fugal as attorney-in-fact for Patrick D. Fisher |
| Signature Date: 3/8/24 |