Form 4: Tennant Officer Sells Shares for Tax Obligations

Tennant Co.'s SVP, Chief Marketing & Technology Officer, Patrick W. Schottler, disposed of 153 shares of common stock to cover tax withholding obligations.

Summary

• Patrick W. Schottler, SVP, Chief Marketing & Technology Officer of Tennant Co. (TNC), reported a disposition of common stock.
• The transaction involved the sale of 153 shares of common stock on November 3, 2025.
• The shares were disposed of at a price of $80 per share.
• This disposition was made to satisfy tax withholding obligations, as indicated by the transaction code 'F'.
• Following this transaction, Mr. Schottler beneficially owns 5,840 shares of Tennant Co. common stock directly.
• The transaction was made pursuant to a Rule 10b5-1(c) plan, indicating a pre-arranged trading plan.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction for tax withholding purposes, which is a neutral event and does not indicate positive or negative sentiment towards the company's prospects.

Future Outlook

This filing does not contain any forward-looking statements or guidance regarding the company's future performance or outlook.

Industry Context

This is a routine insider transaction filing (Form 4) and does not provide specific industry context or relate to broader industry trends. It reflects a standard practice for executives to sell shares to cover tax obligations arising from equity compensation.

Corporate Governance

Stakeholder Impact

• Shareholders: Minimal impact as this is a routine, tax-related disposition of a small number of shares by an executive, not indicative of a change in company fundamentals or management's confidence.

Key Dates

Keywords

TENNANT, TNC, Form 4, insider transaction, stock sale, tax withholding, Patrick W. Schottler, Rule 10b5-1