Form 4: Twin Disc Director David W. Johnson Reports Acquisition of Common Stock

Director David W. Johnson reports acquiring Twin Disc Inc. common stock through restricted stock awards and stock issued in lieu of a quarterly cash retainer.

Summary

• David W. Johnson, a director of Twin Disc Inc., filed a Form 4 detailing changes in beneficial ownership.
• On October 31, 2024, Johnson acquired 6,747 shares of common stock at $11.857 per share through a restricted stock award.
• These shares will vest on the date of the next annual meeting of shareholders.
• On November 1, 2024, Johnson acquired 343 shares of common stock at $11.836 per share, issued in lieu of a quarterly cash retainer.
• These shares will vest on the first anniversary of the issuance date.
• Following these transactions, Johnson beneficially owns 67,585 shares of Twin Disc Inc. common stock.

Sentiment

Score: 5

Explanation: Neutral sentiment as it's a standard disclosure of stock transactions by a company director.

Positives

• Director's increased stake in the company may signal confidence in Twin Disc's future performance.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders.

Stakeholder Impact

• The increased ownership by a director could be viewed positively by shareholders.

Key Dates