Form 4: Manitowoc CFO Brian Regan Reports Stock Transactions
SEC Form 4
EVP & Chief Financial Officer of Manitowoc Co Inc, Brian P Regan, reports acquisition and disposal of company stock related to performance share unit settlements and tax obligations.
Summary
- Brian P Regan, EVP & Chief Financial Officer of Manitowoc Co Inc, filed a Form 4 detailing changes in beneficial ownership.
- On February 18, 2025, Regan acquired 15,806 shares of common stock related to the settlement of performance share units.
- Also on February 18, 2025, 9,101 shares were disposed of to satisfy tax withholding obligations at a price of $11.68.
- An additional 2,716 shares were disposed of to satisfy tax withholding obligations on restricted stock units at a price of $11.68.
- Following these transactions, Regan beneficially owns 110,945 shares of common stock.
- Regan also holds non-qualified options for 4,172 shares of common stock, exercisable on February 27, 2019, and expiring on February 27, 2029, with an exercise price of $18.4.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are related to compensation and tax obligations, which are routine. There's no indication of unusual activity or concern.
Positives
- The acquisition of 15,806 shares through performance share unit settlement suggests achievement of performance goals.
Negatives
- The disposal of 11,817 shares to cover tax obligations reduces Regan's overall holdings.
Industry Context
Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track management's sentiment and alignment with shareholder interests.
Comparison to Industry Standards
- Monitoring insider transactions is a common practice in financial analysis.
- Comparing the ratio of stock acquisitions to disposals with those of peers like Terex or Caterpillar can provide insights into relative management confidence.
- The size and frequency of these transactions are typical for executives at similar companies.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding executive compensation and stock ownership.
- The disposal of shares for tax obligations has a minor dilutive effect.
Key Dates
| Date | Description |
|---|---|
| 02/27/2019 | Date Officer Non-Qualified Options became exercisable |
| 12/31/2024 | Performance period end date for performance share units |
| 02/18/2025 | Date of stock acquisition and disposal transactions |
| 02/20/2025 | Date of signature for the report |
| 02/02/2027 | Officer Non-Qualified Options Date Exercisable |
| 02/27/2029 | Expiration date of Officer Non-Qualified Options |
Keywords
Form 4, Manitowoc, Brian Regan, Stock, Beneficial Ownership, Performance Share Units, Tax Withholding
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