Form 4: Broadwind, Inc. VP and CFO Thomas A. Ciccone Reports Changes in Beneficial Ownership

Thomas A. Ciccone, VP and CFO of Broadwind, Inc., reports changes in beneficial ownership due to the withholding of shares to cover tax obligations related to vesting restricted stock units.

Summary

• On May 28, 2024, Thomas A. Ciccone, VP and CFO of Broadwind, Inc., reported changes in his beneficial ownership of the company's common stock.
• The transaction involved the withholding of 1,128 shares at a price of $4.42 to satisfy withholding obligations related to the vesting of restricted stock units.
• Following the transaction, Ciccone directly owns 67,719 shares of Broadwind, Inc.
• Ciccone also indirectly owns 12,104 shares through a 401(k) plan.
• The directly owned shares include restricted stock units that vest on various dates in the future.

Sentiment

Score: 5

Explanation: This is a neutral filing related to standard insider trading reporting requirements and does not inherently indicate positive or negative sentiment.

Industry Context

This filing is a routine disclosure related to insider transactions and is a standard part of regulatory compliance for publicly traded companies.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their executives.
• The details provided are consistent with standard reporting requirements.
• Comparable companies such as Vestas, Siemens Gamesa, and GE Renewable Energy also have executives who file similar forms when there are changes in their beneficial ownership.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine adjustment of share ownership by an executive.

Key Dates