Form 4: Broadwind, Inc. Executive Gilbert W. Mayo, Jr. Reports Acquisition of 10,903 Shares
SEC Form 4
Gilbert W. Mayo, Jr., Pres. of Broadwind Ind. Solution, reports acquiring 10,903 shares of Broadwind, Inc. common stock on May 16, 2024.
Summary
- On May 16, 2024, Gilbert W. Mayo, Jr., the President of Broadwind Industrial Solution at Broadwind, Inc., acquired 10,903 shares of common stock.
- The acquisition was direct and at a price of $0.
- Following the transaction, Mayo directly owns 95,761 shares of common stock and indirectly owns 18,641 shares through a 401(k) plan.
- The directly held shares include restricted stock units vesting at various dates in the future.
Sentiment
Score: 6
Explanation: The sentiment is neutral to slightly positive. An executive increasing their stake in the company is generally viewed favorably, but the Form 4 filing itself is a routine event.
Positives
- An executive acquiring shares can be seen as a positive sign, indicating confidence in the company's future prospects.
Industry Context
Executive stock ownership is a common practice and is often viewed as aligning management's interests with those of shareholders.
Stakeholder Impact
- The acquisition of shares by an executive could positively influence shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 05/16/2024 | Date of transaction: Acquisition of 10,903 shares of common stock. |
| 05/20/2024 | Date of signature of the form. |
| 4/25/25 | Vesting date of 3,979 restricted stock units. |
| 5/25/24 | Vesting date of 2,369 shares of restricted stock units. |
| 5/25/25 | Vesting date of 2,370 shares of restricted stock units. |
| 5/25/26 | Vesting date of 2,370 shares of restricted stock units. |
| 5/16/25 | Vesting date of 3,634 shares of restricted stock units. |
| 5/16/26 | Vesting date of 3,634 shares of restricted stock units. |
| 5/16/27 | Vesting date of 3,635 shares of restricted stock units. |
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