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

Director David W. Johnson acquired 463 shares of Twin Disc Inc. common stock on May 1, 2024, as part of a stock issuance plan for non-employee directors.

Summary

• On May 1, 2024, David W. Johnson, a director of Twin Disc Inc., acquired 463 shares of common stock.
• The shares were acquired at a price of $16.872 per share.
• This acquisition was made under the Twin Disc, Incorporated 2020 Stock Issuance Plan for Non-Employee Directors, in lieu of a quarterly cash retainer.
• The acquired restricted stock will vest on the first anniversary of the issuance date.
• Following the transaction, Johnson's total beneficial ownership of Twin Disc common stock is 59,903 shares.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director acquiring shares is generally a good sign, indicating confidence in the company's future. The acquisition being part of a pre-defined plan reduces the impact.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• The stock issuance plan aligns director compensation with company performance.

Industry Context

Directors receiving stock in lieu of cash is a fairly common practice to align incentives with shareholders.

Stakeholder Impact

• The transaction could have a slightly positive impact on shareholders by aligning director interests with company performance.

Key Dates