Form 4: Manitowoc Co Inc Executive Vice President Leslie L. Middleton Reports Changes in Beneficial Ownership
SEC Form 4
Leslie L. Middleton, EVP at Manitowoc Co Inc, reports acquisition and disposal of common stock on February 10, 2025, according to a Form 4 filing.
Summary
- On February 10, 2025, Leslie L. Middleton, an Executive Vice President at Manitowoc Co Inc, reported changes in beneficial ownership of the company's common stock.
- Middleton acquired 3,487 shares of common stock through the settlement of performance share units for the performance period ending December 31, 2024.
- Middleton also disposed of 4,810 shares of common stock to satisfy tax withholding obligations on restricted stock units.
- Following these transactions, Middleton directly owns 117,699 shares of Manitowoc Co Inc common stock.
- Middleton also holds derivative securities in the form of officer options with varying exercise prices and expiration dates.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation and tax obligations.
Positives
- The acquisition of shares through performance share units suggests that the company met certain performance goals.
Negatives
- The disposal of shares to cover tax obligations reduces Middleton's overall holdings, although this is a common practice.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 03/28/2017 | Date exercisable for Officer Option with exercise price of $17.4 expiring on 03/28/2026 |
| 02/22/2018 | Date exercisable for OffOpt with exercise price of $25.68 expiring on 02/22/2027 |
| 02/20/2019 | Date exercisable for OfficerNQ with exercise price of $32.98 expiring on 02/20/2028 |
| 02/27/2020 | Date exercisable for Officer Non-Qualified Options with exercise price of $18.4 expiring on 02/27/2029 |
| 12/31/2024 | Performance period end date for performance share units. |
| 02/10/2025 | Date of transaction: acquisition and disposal of common stock. |
| 02/12/2025 | Date of signature for the report. |
| 03/28/2026 | Expiration date for Officer Option with exercise price of $17.4 |
| 02/22/2027 | Expiration date for OffOpt with exercise price of $25.68 |
| 02/20/2028 | Expiration date for OfficerNQ with exercise price of $32.98 |
| 02/27/2029 | Expiration date for Officer Non-Qualified Options with exercise price of $18.4 |
Keywords
Form 4, Beneficial Ownership, Manitowoc Co Inc, MTW, Leslie L. Middleton, Executive Vice President, Common Stock, Stock Options, Performance Share Units, Tax Withholding
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