Form 4: Manitowoc Co Inc: Executive Jennifer L. Peterson Reports Stock Transaction
SEC Form 4 Filing
Jennifer L. Peterson, EVP, Gen. Counsel & Secretary of Manitowoc Co Inc, reports the disposition of 1,278 shares of common stock to cover tax obligations.
Summary
- On May 20, 2024, Jennifer L. Peterson, an executive at Manitowoc Co Inc, disposed of 1,278 shares of common stock.
- The transaction was to cover tax withholding obligations on previously reported restricted stock units.
- The price per share was $12.62.
- Following the transaction, Peterson directly owns 56,831 shares of common stock.
- Peterson also holds non-qualified stock options.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it's a routine disclosure of stock transactions for tax purposes.
Industry Context
This filing is a routine disclosure of an insider transaction and doesn't necessarily reflect a broader industry trend.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine transaction to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/20/2019 | Date Officer Non-Qualified Options became exercisable |
| 02/20/2028 | Expiration date of Officer Non-Qualified Options |
| 02/27/2021 | Date Officer Non-Qualified Options became exercisable |
| 02/27/2029 | Expiration date of Officer Non-Qualified Options |
| 05/20/2024 | Date of stock transaction |
| 05/21/2024 | Date of signature |
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