Form 4: Manitowoc Co Inc: EVP & CFO Brian P. Regan Reports Stock Transactions
SEC Form 4 Filing
Brian P. Regan, EVP & CFO of Manitowoc Co Inc, reports acquisition and disposal of common stock due to performance share unit settlement and tax withholding.
Summary
- On February 10, 2025, Brian P. Regan, the EVP & Chief Financial Officer of Manitowoc Co Inc, reported transactions involving the company's common stock.
- Regan acquired 3,556 shares of common stock through the settlement of performance share units.
- Additionally, Regan disposed of 6,086 shares of common stock to satisfy tax withholding obligations at a price of $9.91 per share.
- Following these transactions, Regan beneficially owns 106,956 shares of Manitowoc Co Inc common stock.
- Regan also holds non-qualified options for 4,172 shares of common stock, exercisable between February 27, 2027, and February 27, 2029, with an exercise price of $18.40.
Sentiment
Score: 6
Explanation: The sentiment is neutral as it reflects routine stock transactions related to executive compensation. There are no explicit positive or negative implications for the company's performance.
Positives
- The acquisition of shares through performance share unit settlement indicates achievement of performance goals.
Negatives
- The disposal of shares to cover tax obligations reduces Regan's overall holdings.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by the SEC. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/27/2019 | Date of Officer Non-Qualified Options |
| 12/31/2024 | Performance period ending date for performance share units |
| 02/10/2025 | Date of stock acquisition and disposal |
| 02/12/2025 | Date of signature for the report |
| 02/02/2027 | Date exercisable for Officer Non-Qualified Options |
| 02/27/2029 | Expiration date for Officer Non-Qualified Options |
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