Form 4: Broadwind, Inc. CEO Eric B. Blashford Reports Share Withholding for Tax Obligations

Eric B. Blashford, President and CEO of Broadwind, Inc., reports withholding shares to cover tax obligations related to vesting restricted stock units.

Summary

• On May 7, 2024, Eric B. Blashford, the President and CEO of Broadwind, Inc. (BWEN), had 2,928 shares of common stock withheld at a price of $2.17 per share to satisfy withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Blashford directly owns 413,685 shares of Broadwind, Inc.
• Blashford also indirectly owns 27,575 shares through a 401(k) plan.
• The directly held shares include 19,922 restricted stock units vesting on April 25, 2025, and 35,423 restricted stock units vesting in installments on May 25, 2024, May 25, 2025, and May 25, 2026.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard executive compensation practices and does not inherently indicate positive or negative sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the CEO's share withholding to cover tax obligations, a common practice when restricted stock units vest.

Stakeholder Impact

• The transaction has a minor impact on shareholders as it involves the withholding of shares for tax purposes, which is a normal part of executive compensation.

Key Dates