Form 4: Twin Disc CFO Jeffrey Knutson Reports Stock Transactions
SEC Form 4 Filing
Jeffrey Knutson, CFO of Twin Disc, reports acquisition and disposal of company stock related to vesting of restricted stock units and tax obligations.
Summary
- On August 4, 2024, Jeffrey Scott Knutson, VP Finance, CFO, Secretary & Treasurer of Twin Disc Inc., acquired 12,571 shares of common stock at a price of $12.62 per share due to the vesting of restricted stock units.
- On the same day, Knutson disposed of 5,908 shares of common stock at $12.62 per share to satisfy tax obligations related to the vesting of performance stock.
- Following these transactions, Knutson beneficially owns 150,628 shares of Twin Disc Inc. common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as the filing reflects routine transactions related to compensation and tax obligations.
Positives
- The acquisition of shares through vesting indicates confidence in the company's long-term incentive compensation plan.
Industry Context
Form 4 filings are standard practice for reporting insider transactions and provide transparency to investors.
Stakeholder Impact
- The transactions provide transparency to shareholders regarding insider activity.
Key Dates
| Date | Description |
|---|---|
| 08/04/2024 | Date of stock acquisition and disposal. |
| 08/06/2024 | Date of signature on the report. |
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