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Tennant Company has appointed Richard H. (Rusty) Zay as Chief Operating Officer, effective July 1, 2026. Zay is an internal promotion, currently serving as Senior Vice President and Chief Commercial Officer and a member of the leadership team since 2010.
To recognize his increased responsibilities and support retention, the board’s Compensation Committee approved additional equity awards with a total value of $400,000, split evenly between restricted stock units and performance-based restricted stock units on the same terms as 2026 executive grants, to be issued when the company’s quarterly trading window opens. Tennant notes it generated $1.20 billion in sales in 2025 and employs approximately 4,500 people worldwide.
Tennant Company ownership disclosure: Mairs and Power, Inc. reports beneficial ownership of 789,895 shares of Tennant Company common stock, representing 4.4% of the class. The filing is an Amendment No. 9 to a Schedule 13G/A.
The report states Mairs and Power has sole voting power over 789,760 shares and sole dispositive power over 789,895 shares. The signature block shows the form was signed by Brent M. Williams on 05/13/2026.
Tennant Company’s Chief Commercial Officer Richard H. Zay sold 6,875 shares of Common Stock in an open-market transaction. The shares were sold on May 7, 2026 at a weighted average price of about $88.02 per share, with individual sale prices ranging from $88.00 to $88.28. After this sale, he directly holds 27,518 Tennant shares.
Arvani Azita reported acquisition or exercise transactions in this Form 4 filing.
Tennant Co director Azita Arvani received an equity award of 1,490 shares of common stock on May 7, 2026, recorded at a price of $0.00 per share. A footnote describes this as a non-employee director restricted stock unit grant. Following this award, Arvani directly owns 18,925 shares of Tennant common stock. This is a routine compensation-related grant rather than an open-market purchase.
TENNANT CO director Patrick E. Allen received a stock-based compensation award. On 2026-05-07, he acquired 1,490 shares of Common Stock at a stated price of $0.00 per share through a non-employee director restricted stock unit grant. Following this award, he directly holds 1,927 shares.
Tennant Company director Carol S. Eicher received an equity award in the form of restricted stock units. On May 7, 2026, she acquired 1,490 shares of Tennant common stock at a stated price of $0.00 per share as a grant, not an open-market purchase.
Following this non-employee director restricted stock unit grant, she directly holds 30,326 shares of Tennant common stock. This filing reflects routine equity-based compensation rather than a discretionary buy or sell in the market.
Tennant Company director James T. Glerum Jr. received a grant of 1,490 shares of Common Stock as a non-employee director restricted stock unit award. The grant was recorded at a price of $0.00 per share as equity compensation rather than a market purchase. After this award, he directly holds 10,090 shares of Tennant common stock. This is a routine compensation-related acquisition, not an open-market buy or sale.
GREEN MARIA C reported acquisition or exercise transactions in this Form 4 filing.
Tennant Company director Maria C. Green received an equity grant of 1,490 shares of Common Stock on May 7, 2026. The filing describes this as a Non-Employee Director restricted stock unit grant, meaning it is compensation rather than an open-market purchase.
After this award, Green directly holds 12,709 shares of Tennant Common Stock. The grant carries a reported price of $0.0000 per share in the filing, reflecting its nature as a board compensation grant, not a cash transaction.
Tennant Co director Andrew P. Hider reported an equity award of 1,490 shares of Common Stock on May 7, 2026. The transaction is coded as a grant or award acquisition at a stated price of $0.00 per share, reflecting non-cash compensation. Following this grant, Hider directly holds 6,987 shares of Tennant common stock. A footnote describes the award as a Non-Employee Director restricted stock unit grant, indicating it is part of director compensation in stock-based form rather than an open-market purchase.
Morse Timothy R. reported acquisition or exercise transactions in this Form 4 filing.
Tennant Co director Timothy R. Morse received a grant of 1,490 shares of Common Stock on May 7, 2026. The filing labels this as a non-employee director restricted stock unit grant, meaning it is compensation rather than an open-market purchase. After this award, Morse directly holds 9,114 shares of Tennant common stock.