Form 4: Manitowoc Co Inc Executive Vice President Leslie L. Middleton Reports Stock Transactions
SEC Form 4
Leslie L. Middleton, EVP at Manitowoc Co Inc, reports acquisition and disposal of company stock related to performance share unit settlements and tax obligations.
Summary
- Leslie L. Middleton, an Executive Vice President at Manitowoc Co Inc, filed a Form 4 detailing changes in beneficial ownership of the company's stock.
- On February 18, 2025, Middleton acquired 15,496 shares of common stock through the settlement of performance share units.
- On the same day, Middleton disposed of 8,410 shares at $11.68 to cover tax withholding obligations on the settled performance share units.
- Additionally, 2,510 shares were disposed of at $11.68 to cover tax obligations on previously reported restricted stock units.
- Following these transactions, Middleton directly owns 122,275 shares of Manitowoc Co Inc.
- Middleton also holds derivative securities in the form of officer options with various expiration dates and exercise prices.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The transactions are routine and related to compensation and tax obligations. The acquisition of shares through performance units is a slightly positive signal.
Positives
- The acquisition of 15,496 shares through performance share unit settlement indicates that performance targets were met.
Industry Context
Executive stock transactions are common and provide insight into management's perspective on the company's performance and future prospects. The settlement of performance share units suggests the company met certain performance goals.
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 ending date for performance share units. |
| 02/18/2025 | Date of stock acquisition and disposal transactions. |
| 02/20/2025 | 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, Stock Transactions, Manitowoc Co Inc, Middleton, Performance Share Units, Restricted Stock Units, Officer Options
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