Form 4: Tennant Co. CFO Fay West Disposes of Shares to Cover Tax Obligations
SEC Form 4 Filing
Fay West, CFO of Tennant Co., disposed of 1,128 shares of common stock on May 7, 2024, to cover tax obligations.
Summary
- On May 7, 2024, Fay West, the Senior VP and CFO of Tennant Co., disposed of 1,128 shares of common stock.
- The transaction was executed at a price of $106.99 per share.
- This disposal was likely to cover tax obligations related to vesting of stock awards.
- Following the transaction, West directly owns 24,089 shares of Tennant Co. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by an insider. It doesn't inherently convey positive or negative sentiment about the company's performance or future prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals to cover tax obligations are common and don't necessarily indicate a negative outlook on the company.
Stakeholder Impact
- The disposal of shares by an insider could be perceived negatively by some shareholders, although disposals for tax purposes are common.
Key Dates
| Date | Description |
|---|---|
| 05/07/2024 | Date of the transaction where Fay West disposed of shares. |
| 05/09/2024 | Date of signature on the Form 4 filing. |
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