Form 4: Manitowoc Co Inc: Executive Officer Jennifer L. Peterson Reports Stock Disposal for Tax Obligations
SEC Form 4 Filing
Jennifer L. Peterson, EVP, General Counsel & Secretary of Manitowoc Co Inc, disposed of 1,286 shares of common stock on May 20, 2025, to cover tax withholding obligations.
Summary
- On May 20, 2025, Jennifer L. Peterson, EVP, General Counsel & Secretary of Manitowoc Co Inc, disposed of 1,286 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to previously reported restricted stock units.
- The price per share for the disposal was $11.45.
- Following the transaction, Peterson directly owns 78,534 shares of Manitowoc Co Inc common stock.
- Peterson also holds non-qualified stock options, including 1,721 options from February 20, 2018, exercisable from February 20, 2019, and expiring on February 20, 2028, and 1,752 options from February 27, 2019, exercisable from February 27, 2021, and expiring on February 27, 2029.
Sentiment
Score: 5
Explanation: The document describes a routine transaction (stock disposal for tax obligations) and does not contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
Executive stock transactions are a normal part of corporate governance and compensation. This transaction appears to be related to tax obligations, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 02/20/2018 | Date of Officer Non-Qualified Options grant |
| 02/20/2019 | Date Officer Non-Qualified Options become exercisable |
| 02/27/2019 | Date of Officer Non-Qualified Options grant |
| 02/27/2021 | Date Officer Non-Qualified Options become exercisable |
| 02/20/2028 | Expiration date of Officer Non-Qualified Options |
| 02/27/2029 | Expiration date of Officer Non-Qualified Options |
| 05/20/2025 | Date of stock disposal transaction |
| 05/21/2025 | Date of Form 4 filing |
Keywords
Form 4, Beneficial Ownership, Stock Disposal, Tax Withholding, Executive Officer, Manitowoc Co Inc, MTW, Jennifer L. Peterson
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