Form 4: Manitowoc Co Inc Executive Jennifer L. Peterson Reports Stock Transactions
SEC Form 4 Filing
EVP, Gen. Counsel & Secretary of Manitowoc Co Inc, Jennifer L. Peterson, reports acquisition and disposal of company stock related to performance share unit settlement and tax obligations.
Summary
- On February 18, 2025, Jennifer L. Peterson, EVP, Gen. Counsel & Secretary of Manitowoc Co Inc, reported transactions involving the company's common stock.
- Peterson acquired 2,067 shares of common stock through the settlement of performance share units at a price of $0.
- She disposed of 1,191 shares at $11.68 to cover tax obligations related to the settled performance share units.
- An additional 356 shares were disposed of at $11.68 to cover tax obligations on previously reported restricted stock units.
- Following these transactions, Peterson beneficially owns 53,928 shares of Manitowoc Co Inc.
- Peterson also holds non-qualified stock options.
Sentiment
Score: 6
Explanation: The sentiment is neutral as the document primarily reports routine stock transactions. The acquisition of shares through performance share units is mildly positive, while the disposal for tax obligations is neutral.
Positives
- The settlement of performance share units indicates that performance goals were met, which could be viewed positively.
Negatives
- The disposal of shares to cover tax obligations could be seen as a slight negative, although it's a common practice.
Risks
- There are no specific risks highlighted in this document, as it primarily details stock transactions.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and transactions in the company's stock.
Comparison to Industry Standards
- Form 4 filings are standard practice for executives in publicly traded companies like Manitowoc, similar to filings made by executives at competitors such as Terex Corporation and Oshkosh Corporation.
- The reporting of stock option grants and vesting schedules is consistent with industry norms for executive compensation disclosures.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect changes in insider ownership.
Key Dates
| Date | Description |
|---|---|
| 02/20/2018 | Date of grant for Officer Non-Qualified Options with an exercise price of $32.98. |
| 02/27/2019 | Date of grant for Officer Non-Qualified Options with an exercise price of $18.4. |
| 02/20/2019 | Date exercisable for Officer Non-Qualified Options granted on 02/20/2018. |
| 02/27/2021 | Date exercisable for Officer Non-Qualified Options granted on 02/27/2019. |
| 12/31/2024 | Performance period end date for performance share units. |
| 02/18/2025 | Date of reported stock transactions (acquisition and disposal). |
| 02/20/2025 | Date of signature for the Form 4 filing. |
| 02/20/2028 | Expiration date for Officer Non-Qualified Options granted on 02/20/2018. |
| 02/27/2029 | Expiration date for Officer Non-Qualified Options granted on 02/27/2019. |
Keywords
Manitowoc Co Inc, MTW, Jennifer L. Peterson, Stock Transactions, Form 4, Performance Share Units, Restricted Stock Units, Beneficial Ownership, Non-Qualified Options
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