Broadwind (NASDAQ: BWEN) officer reports 753-share tax withholding, holds over 140k shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Broadwind, Inc. officer Mayo Gilbert W. Jr., President of Broadwind Industrial Solutions, reported a routine tax-related share disposition tied to restricted stock unit vesting. He directed the company to withhold 753 shares of common stock at $3.96 per share to satisfy his withholding obligation.
After this tax-withholding disposition, he directly holds 116,859 shares of common stock and indirectly holds 26,780 shares through a 401(k) plan. Footnotes also note additional restricted stock units scheduled to vest in future years.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Mayo Gilbert W. Jr.
Role
Pres., Broadwind Ind. Solution
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 753 | $3.96 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 116,859 shares (Direct, null);
Common Stock — 26,780 shares (Indirect, By 401(k) Plan)
Footnotes (1)
- 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. Includes (i) 3,635 restricted stock units that vest 3,635 shares on 5/16/27; and (ii) 8,238 restricted stock units that vest 4,119 shares on each of 5/15/27 and 5/15/28.
Key Figures
Tax-withheld shares: 753 shares
Withholding price: $3.96 per share
Direct holdings after transaction: 116,859 shares
+3 more
6 metrics
Tax-withheld shares
753 shares
Shares withheld to satisfy tax obligation on RSU vesting
Withholding price
$3.96 per share
Value used for 753-share tax-withholding disposition
Direct holdings after transaction
116,859 shares
Common stock held directly following tax withholding
Indirect 401(k) holdings
26,780 shares
Common stock held indirectly via 401(k) plan
RSUs vesting 2027 (single tranche)
3,635 restricted stock units
Vest into 3,635 shares on 5/16/27
RSUs vesting 2027-2028 (two tranches)
8,238 restricted stock units
Vest into 4,119 shares on 5/15/27 and 4,119 shares on 5/15/28
Key Terms
restricted stock units, withholding obligation, tax-withholding disposition, 401(k) Plan
4 terms
restricted stock units financial
"Includes (i) 3,635 restricted stock units that vest 3,635 shares on 5/16/27; and (ii) 8,238 restricted stock units..."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
withholding obligation financial
"The reporting person has elected to satisfy his withholding obligation in connection with the vesting of a prior restricted stock unit grant..."
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.
401(k) Plan financial
"direct_or_indirect": "I", "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
What insider transaction did Broadwind (BWEN) report for Mayo Gilbert W. Jr.?
Broadwind reported that officer Mayo Gilbert W. Jr. had 753 shares of common stock withheld at $3.96 per share. These shares satisfied tax obligations arising from the vesting of a previously granted restricted stock unit award.
Was the Broadwind (BWEN) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to cover taxes on vested restricted stock units that had been granted earlier.
Does Mayo Gilbert W. Jr. have additional Broadwind (BWEN) restricted stock units vesting later?
Yes. Footnotes state he holds 3,635 restricted stock units vesting into 3,635 shares on 5/16/27 and 8,238 restricted stock units vesting into 4,119 shares on each of 5/15/27 and 5/15/28.