Form 4: Broadwind, Inc. Executive Hayes M. Kennedy Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Hayes M. Kennedy, Chief Human Resources Officer of Broadwind, Inc., reports the withholding of 551 shares of common stock to cover withholding obligations related to vesting restricted stock units.
Summary
- On May 7, 2024, Hayes M. Kennedy, Chief Human Resources Officer of Broadwind, Inc., had 551 shares of common stock withheld by the company to satisfy withholding obligations related to the vesting of restricted stock units.
- The shares were withheld at a price of $2.17 per share.
- Following the transaction, Kennedy directly owns 30,889 shares of Broadwind, Inc. common stock and indirectly owns 9,615 shares through a 401(k) plan.
- The directly owned shares include 4,017 restricted stock units vesting on April 25, 2025, and 7,141 restricted stock units vesting in installments on May 25, 2024, May 25, 2025, and May 25, 2026.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of transaction: 551 shares of common stock withheld for tax obligations. |
| 05/09/2024 | Date of report filing. |
| 05/25/2024 | Vesting date for 2,380 restricted stock units. |
| 04/25/2025 | Vesting date for 4,017 restricted stock units. |
| 05/25/2025 | Vesting date for 2,380 restricted stock units. |
| 05/25/2026 | Vesting date for 2,381 restricted stock units. |
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