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 a transaction involving common stock due to withholding obligations related to vesting restricted stock units.

Summary

• On May 7, 2024, Thomas A. Ciccone, VP and CFO of Broadwind, Inc., reported a transaction involving the company's common stock.
• The transaction involved the withholding of 351 shares at a price of $2.17 per share to satisfy withholding obligations related to the vesting of previously granted restricted stock units.
• Following the transaction, Ciccone directly owns 49,155 shares of common stock and indirectly owns 12,104 shares through a 401(k) plan.
• The directly owned shares include 3,938 restricted stock units vesting on April 25, 2025, and 12,591 restricted stock units vesting in installments on May 25, 2024, May 25, 2025, and May 25, 2026.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing is a routine disclosure of insider transactions related to stock-based compensation.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates standard compensation practices involving stock-based compensation.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.

Key Dates