Tennant (NYSE: TNC) CCO disposes 840 shares for tax withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tennant Company’s chief commercial officer, Richard H. Zay, reported a tax-related share disposition. On this Form 4, he transferred 840 shares of Tennant common stock at $61.03 per share to cover tax obligations. After this tax-withholding disposition, he directly owned 34,393 Tennant shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Zay Richard H.
Role
CHIEF COMMERCIAL OFFICER
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 840 | $61.03 | $51K |
Holdings After Transaction:
Common Stock — 34,393 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Tennant (TNC) report for Richard H. Zay?
Tennant reported that chief commercial officer Richard H. Zay disposed of 840 common shares. The transaction was a tax-withholding disposition, not a traditional open-market trade, and was executed at a price of $61.03 per share according to the Form 4.
What does transaction code F mean in the Tennant (TNC) Form 4 filing?
Transaction code F in this Tennant Form 4 indicates payment of an exercise price or tax liability by delivering securities. Here, it shows that Richard H. Zay used 840 common shares to cover tax obligations, rather than executing a standard buy or sell trade.
Was the Tennant (TNC) insider transaction classified as a buy or sell?
The transaction is classified as a disposition related to tax withholding, not a traditional buy or sell. The Form 4 labels it as a tax-withholding disposition with transaction code F, reflecting payment of tax liability using 840 Tennant common shares.