Manitowoc (MTW) CEO receives 154,961-share award and withholds stock for taxes

Rhea-AI Filing Summary

MANITOWOC CO INC President & CEO Aaron H. Ravenscroft reported equity compensation-related transactions in company stock. On February 18, 2026, he acquired 154,961 shares of common stock at $0.00 per share as a grant/award acquisition, representing the settlement of performance share units for the performance period ended December 31, 2025.

On the same date, 72,832 shares of common stock were disposed of at $14.86 per share to satisfy applicable tax withholding obligations on the settled performance share units. After these transactions, he directly held 749,180.24 shares of common stock. He also continues to hold several tranches of non-qualified stock options with stated remaining balances.

Insights

Equity Compensation Analyst

CEO’s transactions reflect routine equity award settlement and tax withholding.

The reporting shows Aaron H. Ravenscroft receiving 154,961 common shares at $0.00 per share as a grant tied to performance share units for the period ending December 31, 2025. This is compensation, not an open-market purchase.

A simultaneous disposition of 72,832 shares at $14.86 per share was used to cover tax withholding on the award. Because both actions are part of standard equity compensation mechanics, with no discretionary buying or selling in the market, the overall signal is neutral for investors.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Ravenscroft Aaron H.

(Last) (First) (Middle)

C/O THE MANITOWOC COMPANY, INC.

ONE PARK PLAZA, 11270 W PARK PL STE 1000

(Street)

MILWAUKEE WI 53224

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
MANITOWOC CO INC [ MTW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
02/18/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	02/18/2026		A		154,961(2)	A	$0	822,012.24	D
Common Stock(1)	02/18/2026		F		72,832(3)	D	$14.86	749,180.24	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
03.28.2016OfficerOption	$17.4							03/28/2017	03/28/2026	Common Stock	24,753		24,753	D
02.22.2017OffOpt	$25.68							02/22/2018	02/22/2027	Common Stock	20,205		20,205	D
02.20.2018OfficerNQ	$32.98							02/20/2019	02/20/2028	Common Stock	17,760		17,760	D
02.27.2019 Officer Non-Qualified Options	$18.4							02/27/2020	02/27/2029	Common Stock	22,247		22,247	D
02.26.2020 Officer Non-Qualified Options	$12.37							02/26/2021	02/26/2030	Common Stock	39,063		39,063	D

Explanation of Responses:

1. Common stock includes restricted stock units.

2. Represents the settlement of performance share units for the performance period ended December 31, 2025.

3. Represents the number of shares withheld to satisfy applicable tax withholding obligations on settled performance share units.

	/s/ Jennifer L. Peterson, by Power of Attorney	02/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What insider transactions did MTW’s CEO report on February 18, 2026?

MTW’s CEO Aaron H. Ravenscroft reported a stock grant of 154,961 common shares and a related tax withholding disposal of 72,832 shares on February 18, 2026. Both actions stem from equity compensation, not open-market trading activity.

Was the Manitowoc (MTW) CEO’s Form 4 transaction a stock purchase or sale?

The MTW CEO did not make an open-market purchase or sale. He received 154,961 common shares as an equity award and 72,832 shares were withheld at $14.86 per share solely to cover tax obligations on that award.

How many Manitowoc (MTW) shares does the CEO hold after these transactions?

After the reported transactions, the MTW CEO directly holds 749,180.24 shares of common stock. This reflects the net position following the equity award settlement and the separate tax-withholding share disposition on February 18, 2026.

What do the performance share units in the MTW CEO’s Form 4 represent?

The performance share units represent equity awards earned over a performance period ending December 31, 2025. On settlement, they delivered 154,961 shares of MTW common stock to the CEO, forming part of his long-term incentive compensation package, rather than a market transaction.

Why were 72,832 Manitowoc (MTW) shares disposed of in the CEO’s Form 4?

The 72,832 MTW shares were withheld to satisfy tax withholding obligations on settled performance share units. This tax-withholding disposition at $14.86 per share is an administrative step and does not indicate discretionary selling by the CEO in the open market.

Does the MTW CEO’s Form 4 indicate a change in confidence in the company?

The Form 4 mainly reflects routine equity compensation and tax withholding processes. The CEO received 154,961 shares as a performance-based award, while 72,832 shares covered taxes. There is no open-market buying or selling signal regarding his confidence in the company.