Form 4: Manitowoc Co Inc: CEO Aaron Ravenscroft Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Aaron H. Ravenscroft, President & CEO of Manitowoc Co Inc, reports acquisition and disposal of common stock due to performance share unit settlement and tax withholding.
Summary
- On February 18, 2025, Aaron H. Ravenscroft, President & CEO of Manitowoc Co Inc, reported changes in beneficial ownership of the company's common stock.
- Ravenscroft acquired 90,393 shares of common stock through the settlement of performance share units at a price of $0.
- He disposed of 52,044 shares at $11.68 to cover tax obligations related to the settled performance share units.
- Additionally, 15,529 shares were withheld at $11.68 to cover tax obligations on previously reported restricted stock units.
- Following these transactions, Ravenscroft beneficially owns 514,527.24 shares of Manitowoc Co Inc common stock.
- Ravenscroft also holds derivative securities in the form of officer options with various exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the filing primarily reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of 90,393 shares through performance share unit settlement indicates achievement of performance goals.
Negatives
- The disposal of 67,573 shares to cover tax obligations reduces Ravenscroft's overall holdings.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/28/2017 | Date exercisable for OfficerOption with price $17.4, expiring 03/28/2026 |
| 02/22/2018 | Date exercisable for OffOpt with price $25.68, expiring 02/22/2027 |
| 02/20/2019 | Date exercisable for OfficerNQ with price $32.98, expiring 02/20/2028 |
| 02/27/2020 | Date exercisable for Officer Non-Qualified Options with price $18.4, expiring 02/27/2029 |
| 02/26/2021 | Date exercisable for Officer Non-Qualified Options with price $12.37, expiring 02/26/2030 |
| 12/31/2024 | Performance period ending date for performance share units. |
| 02/18/2025 | Date of transaction: Acquisition and disposal of common stock. |
| 02/20/2025 | Date of signature for the report. |
Keywords
beneficial ownership, Form 4, Manitowoc, Ravenscroft, performance share units, restricted stock units, tax withholding, officer options, MTW
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