Form 4: Broadwind CEO Eric Blashford Reports Share Withholding for Tax Obligations
SEC Form 4
Eric Blashford, CEO of Broadwind, Inc., reports withholding shares to cover tax obligations related to vesting restricted stock units.
Summary
- On April 25, 2024, Eric B. Blashford, the President and CEO of Broadwind, Inc. (BWEN), reported a transaction involving the withholding of 7,759 shares of common stock to satisfy his tax obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $2.08 per share.
- Following the transaction, Blashford directly owns 416,613 shares of Broadwind, Inc., and indirectly owns 27,575 shares through a 401(k) plan.
- The directly owned shares include restricted stock units that vest on various dates in the future.
Sentiment
Score: 5
Explanation: This is a neutral filing related to standard executive compensation practices. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies. It doesn't necessarily reflect a strategic shift or significant event for Broadwind within the broader industry.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine tax-related share withholding by the CEO.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of transaction: Withholding of shares for tax obligations. |
| 04/29/2024 | Date of report filing. |
| 05/07/2024 | Vesting date for 9,336 restricted stock units. |
| 05/25/2024 | Vesting date for 11,807 restricted stock units. |
| 04/25/2025 | Vesting date for 19,922 restricted stock units. |
| 05/25/2025 | Vesting date for 11,808 restricted stock units. |
| 05/25/2026 | Vesting date for 11,808 restricted stock units. |
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