Form 4: Broadwind Inc. Executive Daniel E. Schueller Reports Stock Sale and Tax Withholding
SEC Form 4 Filing
Daniel E. Schueller, President of Broadwind Heavy Fab., reports the sale of 5,800 shares of Broadwind Inc. common stock and a transaction related to tax withholding obligations.
Summary
- On May 28, 2024, Daniel E. Schueller, President of Broadwind Heavy Fab., sold 5,800 shares of Broadwind Inc. common stock at a weighted average price of $4.5317 per share.
- Schueller also had 1,245 shares withheld to satisfy a withholding obligation related to the vesting of a prior restricted stock unit grant at a price of $4.42.
- Following these transactions, Schueller directly owns 145,449 shares of Broadwind Inc. common stock and indirectly owns 16,160 shares through a 401(k) plan.
- The directly owned shares include restricted stock units vesting at various dates in 2025, 2026 and 2027.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard disclosures required by the SEC when company insiders, like officers and directors, trade their company's stock. These filings provide transparency to the market regarding insider transactions.
Comparison to Industry Standards
- Form 4 filings are a standard regulatory requirement for publicly traded companies in the United States, ensuring transparency regarding insider transactions.
- Companies like General Electric, Siemens, and Vestas also have executives who are required to file Form 4s when they trade their company's stock.
- The level of detail provided in this Form 4 is consistent with SEC requirements and industry norms.
Stakeholder Impact
- The stock sale by a company insider could be perceived negatively by some shareholders, but the transaction is relatively small and may not have a significant impact.
- The tax withholding transaction is a normal part of equity compensation and should not have a material impact on stakeholders.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of stock sale and tax withholding transaction |
| 05/30/2024 | Date of filing |
| 4/25/25 | Vesting date of 6,560 restricted stock units |
| 5/25/25 | Vesting date of 3,889 restricted stock units |
| 5/25/26 | Vesting date of 3,889 restricted stock units |
| 5/16/25 | Vesting date of 6,022 restricted stock units |
| 5/16/26 | Vesting date of 6,023 restricted stock units |
| 5/16/27 | Vesting date of 6,023 restricted stock units |
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