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

Director David W. Johnson acquired 592 shares of Twin Disc Inc. common stock on August 1, 2024, in lieu of a quarterly cash retainer.

Summary

• On August 1, 2024, David W. Johnson, a director of Twin Disc Inc., acquired 592 shares of common stock.
• The shares were acquired in lieu of a quarterly cash retainer under the company's 2020 Stock Issuance Plan for Non-Employee Directors.
• The price per share was $13.195.
• Following the transaction, Johnson directly owns 60,495 shares of Twin Disc Inc.
• The restricted stock will vest on the first anniversary of the issuance date.

Sentiment

Score: 6

Explanation: Neutral sentiment as it reflects a routine transaction related to director compensation. The director taking stock instead of cash is a mildly positive signal.

Positives

• The director's decision to take stock in lieu of cash demonstrates confidence in the company's future prospects.

Future Outlook

The document does not contain any specific forward-looking statements or guidance.

Industry Context

Directors receiving stock in lieu of cash compensation is a fairly common practice, aligning their interests with shareholders and conserving company cash.

Related Party Transactions

• The stock issuance to David W. Johnson, a director, is a related party transaction.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with theirs.

Key Dates