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Tennant Co (TNC) director Mulligan receives 1,490-share restricted stock grant

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Mulligan Donal L reported acquisition or exercise transactions in this Form 4 filing.

Tennant Company director Donal L. Mulligan reported a compensation-related equity grant. On May 7, 2026, he received 1,490 shares of Common Stock via a non-employee director restricted stock unit grant at no purchase price, increasing his direct holdings to 22,175 shares.

The filing also notes 8,000 shares of Common Stock held as indirect ownership by a trust for his spouse. The transactions reflect equity compensation and updated ownership, not open-market buying or selling.

Positive

  • None.

Negative

  • None.
Insider Mulligan Donal L
Role null
Type Security Shares Price Value
Grant/Award Common Stock 1,490 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 22,175 shares (Direct, null); Common Stock — 8,000 shares (Indirect, By trust for spouse)
Footnotes (1)
  1. [object Object]
Restricted stock unit grant 1,490 shares Non-Employee Director restricted stock unit grant on May 7, 2026
Direct holdings after grant 22,175 shares Common Stock directly owned by Donal L. Mulligan after transaction
Indirect holdings by trust 8,000 shares Common Stock held indirectly by trust for spouse
Grant price per share $0.0000 per share Equity awarded at no purchase price as compensation
restricted stock unit financial
"Non-Employee Director restricted stock unit grant."
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Non-Employee Director financial
"Non-Employee Director restricted stock unit grant."
indirect ownership financial
"direct_or_indirect": "I","nature_of_ownership": "By trust for spouse""
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Mulligan Donal L
(Last)(First)(Middle)
10400 CLEAN STREET
(Street)
EDEN PRAIRIE MINNESOTA 55344
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
TENNANT CO [ TNC ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/07/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common Stock05/07/2026A1,490(1)A$022,175D
Common Stock8,000IBy trust for spouse
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Non-Employee Director restricted stock unit grant.
/s/ Kristin A. Erickson on behalf of Donal L. Mulligan05/11/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Tennant Co (TNC) report for Donal L. Mulligan?

Tennant Co reported that director Donal L. Mulligan received 1,490 shares of Common Stock as a non-employee director restricted stock unit grant. This equity award is compensation and not an open-market purchase or sale of Tennant Co (TNC) shares.

How many Tennant Co (TNC) shares does Donal L. Mulligan now hold directly?

After the restricted stock unit grant, Donal L. Mulligan directly holds 22,175 shares of Tennant Co Common Stock. This reflects the updated position following the 1,490-share compensation grant reported in the Form 4 insider trading disclosure.

What does the indirect ownership by trust mean in Tennant Co (TNC)’s Form 4?

The Form 4 shows 8,000 Tennant Co Common Stock shares held indirectly by a trust for Mulligan’s spouse. Indirect ownership indicates control or economic interest through another entity rather than shares held directly in the insider’s own name.

Was the Tennant Co (TNC) insider transaction an open-market buy or sell?

No, the Tennant Co Form 4 describes a grant coded “A” for 1,490 shares as a non-employee director restricted stock unit award. This represents equity compensation rather than an open-market purchase or sale of TNC shares by the director.

What is the transaction code "A" in the Tennant Co (TNC) Form 4 filing?

In this Tennant Co Form 4, transaction code “A” indicates a grant, award, or other acquisition. Specifically, it represents a non-employee director restricted stock unit grant of 1,490 Common Stock shares to Donal L. Mulligan at no purchase price.