Form 4: Manitowoc Co Inc: Executive Vice President Leslie L. Middleton Reports Stock Disposal for Tax Obligations
SEC Form 4
Leslie L. Middleton, EVP at Manitowoc Co Inc, disposed of 3,837 shares of common stock to cover tax withholding obligations on restricted stock units.
Summary
- On February 27, 2025, Leslie L. Middleton, an Executive Vice President at Manitowoc Co Inc, disposed of 3,837 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to previously reported restricted stock units.
- The price per share was $10.44.
- Following the transaction, Middleton directly owns 118,438 shares of Manitowoc Co Inc.
- Middleton also holds options to purchase shares of common stock at various exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the filing relates to a routine transaction for tax purposes and doesn't indicate a significant change in the executive's view of the company.
Industry Context
This filing is a routine disclosure related to executive compensation and tax obligations, and doesn't necessarily reflect a change in the company's outlook or performance.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares compared to the total outstanding.
Key Dates
| Date | Description |
|---|---|
| 03/28/2017 | Date exercisable for Officer Option |
| 02/22/2018 | Date exercisable for OffOpt |
| 02/20/2019 | Date exercisable for OfficerNQ |
| 02/27/2020 | Date exercisable for Officer Non-Qualified Options |
| 03/03/2025 | Date of signature |
| 02/27/2025 | Date of transaction |
| 03/28/2026 | Expiration date for Officer Option |
| 02/22/2027 | Expiration date for OffOpt |
| 02/20/2028 | Expiration date for OfficerNQ |
| 02/27/2029 | Expiration date for Officer Non-Qualified Options |
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