Form 4: Broadwind, Inc. Executive Gilbert W. Mayo, Jr. Reports Share Transaction
SEC Form 4 Filing
Gilbert W. Mayo, Jr., a Broadwind, Inc. executive, reports the withholding of 666 common stock shares to cover withholding obligations related to vesting restricted stock units.
Summary
- On May 28, 2024, Gilbert W. Mayo, Jr., Pres. of Broadwind Ind. Solution at Broadwind, Inc., reported a transaction involving the company's common stock.
- The transaction involved the withholding of 666 shares at a price of $4.42 to satisfy withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Mayo directly owns 95,095 shares of Broadwind, Inc. common stock.
- Mayo also indirectly owns 18,641 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing an insider transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common for executives receiving stock-based compensation. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine adjustment of the executive's stock holdings.
Key Dates
| Date | Description |
|---|---|
| 05/28/2024 | Date of the reported transaction (stock withholding). |
| 05/30/2024 | Date of signature on the Form 4 filing. |
| 4/25/25 | Vesting date for 3,979 restricted stock units. |
| 5/25/25 | Vesting date for 2,370 restricted stock units. |
| 5/25/26 | Vesting date for 2,370 restricted stock units. |
| 5/16/25 | Vesting date for 3,634 restricted stock units. |
| 5/16/26 | Vesting date for 3,634 restricted stock units. |
| 5/16/27 | Vesting date for 3,635 restricted stock units. |
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