Form 4: Manitowoc Co Inc: Executive James Steele Cook Reports Changes in Beneficial Ownership

EVP James Steele Cook reports acquisition and disposal of Manitowoc Co Inc common stock due to performance share unit settlement and tax withholding.

Summary

• On February 26, 2024, James Steele Cook, EVP of Human Resources at Manitowoc Co Inc, reported changes in beneficial ownership of the company's common stock.
• Cook acquired 4,321 shares of common stock through the settlement of performance share units for the performance period ending December 31, 2023, at a price of $0.
• He also disposed of 2,031 shares and 379 shares to satisfy tax withholding obligations related to the settled performance share units and previously reported restricted stock units, respectively, both at a price of $13.33.
• Following these transactions, Cook directly owns 23,111.85 shares of common stock and indirectly owns 505.15 shares through a deferred compensation plan.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Positives

• The acquisition of 4,321 shares indicates a vesting of performance share units, potentially reflecting positively on the company's performance.

Industry Context

Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and their potential impact on investor confidence.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in ownership by a company executive.

Key Dates