Form 4: Twin Disc Director Acquires Shares in Lieu of Cash Retainer

Michael Doar, a director at Twin Disc Inc., acquired 1,439 shares of common stock on February 1, 2025, as part of a compensation plan.

Summary

• Michael Doar, a director of Twin Disc Inc., acquired 1,439 shares of common stock on February 1, 2025.
• The shares were acquired at a price of $11.291 per share.
• These shares were issued as restricted stock in lieu of a quarterly cash retainer.
• The shares were granted under the Twin Disc, Incorporated Amended and Restated 2021 Omnibus Incentive Plan.
• The shares will vest on the first anniversary of the issuance date.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation, which is generally viewed neutrally to slightly positive as it aligns director interests with shareholders.

Positives

• The acquisition of shares by a director demonstrates alignment of interests with shareholders.
• The use of stock in lieu of cash can be seen as a positive for the company's cash flow.

Industry Context

This type of stock-based compensation is common practice for directors and executives in publicly traded companies, aligning their interests with those of shareholders.

Comparison to Industry Standards

• Many companies use stock grants as part of director compensation packages.
• The vesting period of one year is a standard practice to ensure long-term commitment.
• Companies like Caterpillar, Cummins, and Dana Incorporated also use similar stock-based compensation plans for their directors.

Stakeholder Impact

• Shareholders may view this as a positive sign of director commitment.
• The use of stock instead of cash may be seen as beneficial for the company's financial position.

Key Dates

Keywords

Twin Disc, Director, Stock Acquisition, Restricted Stock, Compensation, Michael Doar, Equity