Manitowoc (MTW) VP reports Form 4 tax-withholding share disposal
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MANITOWOC CO INC vice president and corporate controller Ryan M. Palmer reported a Form 4 transaction involving company common stock. On this date, 703 shares were disposed of in a tax-withholding transaction related to previously reported restricted stock units, rather than an open-market sale. Following this withholding, Palmer directly holds 20,341 shares of common stock, and this amount includes restricted stock units.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Palmer Ryan M
Role
VP, Corporate Controller & POA
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 703 | $14.69 | $10K |
Holdings After Transaction:
Common Stock — 20,341 shares (Direct)
Footnotes (1)
- Common stock includes restricted stock units. Represents the number of shares withheld to satisfy applicable tax withholding obligations on restricted stock units previously reported.
FAQ
What insider transaction did MANITOWOC (MTW) report for Ryan M. Palmer?
MANITOWOC reported that Ryan M. Palmer disposed of 703 shares of common stock in a tax-withholding transaction related to restricted stock units. This was a share withholding to cover tax obligations, not an open-market buy or sell order.
Was the MANITOWOC (MTW) insider transaction an open-market sale?
No, the transaction was not an open-market sale. The 703 shares were withheld to satisfy tax obligations on previously reported restricted stock units, which is recorded under code F as a tax-withholding disposition on the Form 4.
What does transaction code F mean in the MANITOWOC (MTW) Form 4 filing?
Transaction code F indicates shares were used to pay an exercise price or tax liability. In this case, 703 MANITOWOC shares were withheld to satisfy applicable tax withholding obligations on previously reported restricted stock units, rather than being sold on the open market.
What role does Ryan M. Palmer hold at MANITOWOC (MTW) in this Form 4?
In the Form 4, Ryan M. Palmer is listed as an officer of MANITOWOC with the title "VP, Corporate Controller & POA." The reported transaction reflects activity in his directly held common stock and related restricted stock units.