BWEN CFO reports tax-withholding share disposition
Rhea-AI Filing Summary
BROADWIND, INC. VP and CFO Thomas A. Ciccone reported routine equity activity involving company stock. He directed the company to withhold 1,282 shares of common stock at $3.96 per share to cover tax obligations related to a previously granted restricted stock unit award.
After this tax-withholding disposition, he directly holds 96,765 shares of common stock. He also has an indirect holding of 21,196 shares through a 401(k) Plan. Footnote disclosure indicates additional unvested restricted stock units scheduled to vest into shares in 2027 and 2028, reinforcing that the reported disposition reflects tax settlement rather than an open-market sale.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 1,282 shares
Exercise Price or Tax Liability
2 txns
Insider
Ciccone Thomas A
Role
VP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,282 | $3.96 | $5K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 96,765 shares (Direct);
Common Stock — 21,196 shares (Indirect, By 401(k) Plan)
Footnotes (2)
- F1. The reporting person has elected to satisfy his withholding obligation in connection with the vesting of a prior restricted stock unit grant by directing the Company to withhold shares otherwise issuable pursuant to the previously reported grant.
- F2. Includes (i) 6,564 restricted stock units that vest 6,564 shares on 5/16/27; and (ii) 14,878 restricted stock units that vest 7,439 shares on each of 5/15/27 and 5/15/28.
Key Figures
Tax-withheld shares: 1,282 shares
Withholding price: $3.96 per share
Direct holdings after transaction: 96,765 shares
+3 more
6 metrics
Tax-withheld shares
1,282 shares
Common Stock withheld to satisfy tax obligation
Withholding price
$3.96 per share
Value used for tax-withholding disposition
Direct holdings after transaction
96,765 shares
Common Stock directly owned post-transaction
Indirect 401(k) holdings
21,196 shares
Common Stock held indirectly via 401(k) Plan
RSUs vesting 5/16/27
6,564 RSUs / shares
Restricted stock units scheduled to vest into shares
RSUs vesting 5/15/27 and 5/15/28
14,878 RSUs
Vest 7,439 shares on each vesting date
Key Terms
tax-withholding disposition, restricted stock unit, 401(k) Plan, withhold shares otherwise issuable
4 terms
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock unit financial
"withholding obligation in connection with the vesting of a prior restricted stock unit grant"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
401(k) Plan financial
"nature_of_ownership": "By 401(k) Plan""
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did BWEN VP and CFO Thomas Ciccone report?
Thomas Ciccone reported a tax-related share disposition. He had 1,282 common shares withheld at $3.96 per share to satisfy tax obligations on a prior restricted stock unit grant, rather than selling shares in the open market.
Was the BWEN CFO’s Form 4 transaction an open-market sale?
No, the reported transaction was a tax-withholding disposition. The company withheld 1,282 shares otherwise deliverable under a restricted stock unit grant to cover the CFO’s tax liability, according to the filing’s footnote disclosure.
Does the BWEN Form 4 mention future vesting restricted stock units for the CFO?
Yes, the footnotes describe additional unvested restricted stock units. They include 6,564 RSUs vesting into 6,564 shares on 5/16/27 and 14,878 RSUs vesting into 7,439 shares on each of 5/15/27 and 5/15/28.
AI-generated analysis. How Rhea-AI works. Not financial advice.
