Form 4: Tennant Co Executive Richard H. Zay Reports Stock Transactions
SEC Form 4 Filing
Richard H. Zay, Chief Commercial Officer of Tennant Co, reports exercising stock options and selling shares on February 27, 2024.
Summary
- Richard H. Zay, Chief Commercial Officer of Tennant Co, filed a Form 4 detailing changes in beneficial ownership.
- On February 27, 2024, Zay exercised stock options to acquire 7,690 shares at $66.97 and 7,053 shares at $52.42.
- Also on February 27, 2024, Zay sold 14,743 shares at a weighted average price of $110.1915, with prices ranging from $110.00 to $110.485.
- Zay also acquired 3,739 and 5,823 shares on February 27, 2024 for $0.
- Following these transactions, Zay directly owns 18,832 shares of Tennant Co.
- Zay also disposed of 1,825 shares for $110.16.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common in publicly traded companies. It provides transparency into the executive's holdings and trading activities.
Stakeholder Impact
- The transactions may be of interest to shareholders as they provide insight into the executive's view of the company's stock value.
Key Dates
| Date | Description |
|---|---|
| 02/27/2023 | Date of Earliest Transaction |
| 02/27/2024 | Transaction Date for multiple acquisitions and disposals of Common Stock and Derivative Securities |
| 02/27/2025 | Expiration Date for Stock Option (right to buy) |
| 02/26/2026 | Expiration Date for Stock Option (right to buy) |
| 02/29/2024 | Date of Form 4 Filing |
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