Form 4: Broadwind, Inc. VP and CFO Thomas A. Ciccone Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Thomas A. Ciccone, VP and CFO of Broadwind, Inc., reports a transaction involving the withholding of shares to cover withholding obligations related to vesting restricted stock units.
Summary
- On April 25, 2024, Thomas A. Ciccone, VP and CFO of Broadwind, Inc., reported a change in beneficial ownership of Broadwind, Inc. stock.
- The transaction involved the withholding of 772 shares of common stock at a price of $2.08 to satisfy withholding obligations related to the vesting of restricted stock units.
- Following the transaction, Ciccone directly owns 49,506 shares of common stock, which includes restricted stock units vesting at various dates.
- Ciccone also indirectly owns 12,104 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions related to executive compensation. It doesn't inherently indicate positive or negative 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 minimal direct impact on shareholders, as it relates to the CFO's personal stock holdings and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 04/25/2024 | Date of transaction: withholding of shares to cover tax obligations. |
| 04/25/2024 | Restricted stock units vest. |
| 04/29/2024 | Date of signature. |
| 05/07/2024 | 2,421 restricted stock units vest. |
| 04/25/2025 | 3,938 restricted stock units vest. |
| 05/25/2024 | 4,197 restricted stock units vest. |
| 05/25/2025 | 4,197 restricted stock units vest. |
| 05/25/2026 | 4,197 restricted stock units vest. |
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