Manitowoc (NYSE: MTW) EVP receives 19,371-share award, withholds stock for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
MANITOWOC CO INC executive James Steele Cook reported equity compensation-related transactions in company common stock. On this date, he acquired 19,371 shares through a grant or award at a stated price of $0.00 per share, tied to the settlement of performance share units for a performance period ending December 31, 2025.
To cover applicable tax withholding obligations on the settled performance share units, 9,136 shares were disposed of at $14.86 per share. After these transactions, his directly owned common stock holdings, which include restricted stock units and the most recent deferred compensation plan balance, total 68,814.68 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Cook James Steele
Role
EVP, Human Resources
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 19,371 | $0.00 | -- |
| Tax Withholding | Common Stock | 9,136 | $14.86 | $136K |
Holdings After Transaction:
Common Stock — 77,950.68 shares (Direct)
Footnotes (1)
- Common stock includes restricted stock units. Represents the settlement of performance share units for the performance period ended December 31, 2025. Includes the most recent deferred compensation plan balance. Represents the number of shares withheld to satisfy applicable tax withholding obligations on settled performance share units.
FAQ
What insider transactions did MTW executive James Steele Cook report?
James Steele Cook reported an equity award and related tax withholding. He received 19,371 shares of MANITOWOC CO INC common stock as a grant and 9,136 shares were withheld and disposed of to satisfy tax obligations on settled performance share units.
Was the MTW insider transaction a stock purchase or a compensation grant?
The MTW insider activity reflects a compensation grant, not an open-market purchase. James Steele Cook acquired 19,371 common shares as a grant tied to performance share units, with separate shares withheld and disposed of solely to cover tax obligations on the settlement.
What do the MTW Form 4 footnotes say about James Steele Cook’s holdings?
The footnotes state that his common stock holdings include restricted stock units and the most recent deferred compensation plan balance. They also clarify that part of the reported activity reflects settlement of performance share units for a period ending December 31, 2025, and related tax withholding.