Form 4: Broadwind, Inc. Executive Thomas A. Ciccone Reports Changes in Beneficial Ownership
SEC Form 4 Filing
VP and CFO of Broadwind, Inc., Thomas A. Ciccone, reports acquisition and disposal of common stock due to vesting of restricted stock units and withholding obligations.
Summary
- On February 26, 2025, Thomas A. Ciccone, VP and CFO of Broadwind, Inc., reported changes in his beneficial ownership of the company's common stock.
- Ciccone acquired 28,876 shares of common stock related to the vesting of performance restricted stock units.
- He also disposed of 12,021 shares to satisfy withholding obligations related to the vesting of these units at a price of $1.57 per share.
- Following these transactions, Ciccone directly owns 84,574 shares of Broadwind, Inc.
- Ciccone also indirectly owns 15,670 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral filing, simply reporting required insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are standard practice and provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and actions regarding their company's stock.
Comparison to Industry Standards
- Form 4 filings are a regulatory requirement for publicly traded companies in the United States, ensuring transparency in insider trading activities.
- Companies like General Electric, Siemens Gamesa, and Vestas Wind Systems also have executives who are required to file similar forms when they trade their company's stock.
- The frequency and nature of these filings can be compared to industry peers to gauge management's confidence and alignment with shareholder interests.
Stakeholder Impact
- Shareholders can use this information to understand executive compensation and alignment with company performance.
- Employees may be interested in the vesting schedules of restricted stock units.
- The filing provides transparency to the market regarding insider transactions.
Key Dates
| Date | Description |
|---|---|
| 02/26/2025 | Date of transaction (acquisition and disposal of shares). |
| 02/28/2025 | Date of signature on the Form 4 filing. |
| 04/25/2025 | Vesting date for 3,938 restricted stock units. |
| 05/25/2025 | Vesting date for 4,197 restricted stock units. |
| 05/16/2025 | Vesting date for 6,564 restricted stock units. |
| 05/25/2026 | Vesting date for 4,197 restricted stock units. |
| 05/16/2026 | Vesting date for 6,564 restricted stock units. |
| 05/16/2027 | Vesting date for 6,564 restricted stock units. |
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