Tennant (NYSE: TNC) director sells shares to cover option taxes

Rhea-AI Filing Summary

Tennant Company director Carol S. Eicher exercised stock options and sold some shares primarily to cover related taxes. On February 26, 2026, she exercised options for 3,538 shares of common stock at $54.70 per share, fully converting the derivative position. The same day, she sold 3,130 shares of common stock at an average price of $61.98 per share, with the filing noting the sale was effected to pay taxes due on the expiring option while she retained the net shares. After these transactions, she directly owned 28,836 shares of Tennant common stock.

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

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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^*

EICHER CAROL S

(Last) (First) (Middle)

10400 CLEAN STREET

(Street)

EDEN PRAIRIE MN 55344

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TENNANT CO [ TNC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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	02/26/2026		M		3,538	A	$54.7	31,966	D
Common Stock	02/26/2026		S		3,130(1)	D	$61.98	28,836	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
Stock Option (right to buy)	$54.7	02/26/2026		M			3,538	(2)	04/28/2026	Common Stock	3,538	$0	0	D

Explanation of Responses:

1. The sale of shares reported on this Form 4 was effected to cover the taxes due upon the reporting person's exercise of a stock option expiring in the near term, with the reporting person retaining the net shares.

2. Fully vested.

	/s/ Kristin A. Erickson on behalf of Carol S. Eicher	03/02/2026
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Tennant Co (TNC) disclose for Carol S. Eicher?

Tennant Co reported that director Carol S. Eicher exercised options for 3,538 shares and sold 3,130 common shares on February 26, 2026. The sale was described as covering taxes from the option exercise, with Eicher retaining the net resulting shares.

How many Tennant Co (TNC) shares did Carol S. Eicher sell and at what price?

Carol S. Eicher sold 3,130 shares of Tennant common stock at an average price of $61.98 per share. According to the filing, this open-market sale was undertaken to cover taxes due from her stock option exercise.

How many Tennant Co (TNC) stock options did Carol S. Eicher exercise?

She exercised stock options covering 3,538 shares of Tennant common stock at an exercise price of $54.70 per share. The filing notes these options were fully vested and the derivative position was fully converted on February 26, 2026.

What is Carol S. Eicher’s Tennant Co (TNC) share ownership after the Form 4 transactions?

Following the reported transactions, Carol S. Eicher directly owned 28,836 shares of Tennant common stock. This reflects the net result after exercising options for 3,538 shares and selling 3,130 shares to address the tax obligations on the expiring option.

Why did Carol S. Eicher’s Tennant Co (TNC) Form 4 include a stock sale?

The Form 4 footnote explains the 3,130-share sale was executed to cover taxes due upon exercising a stock option that was expiring in the near term. The disclosure states that Eicher retained the net shares after satisfying the tax obligation.