Tennant (TNC) SVP uses 451 shares to cover tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Tennant Company executive Barb Balinski reported a small share disposition related to taxes. On the transaction date, she transferred 451 shares of Tennant common stock at a reported price of $61.03 per share to cover tax obligations, a routine tax-withholding disposition rather than an open-market sale. After this transaction, she directly owned 19,218 Tennant common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Balinski Barb
Role
SVP, Chief Transf Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 451 | $61.03 | $28K |
Holdings After Transaction:
Common Stock — 19,218 shares (Direct)
Footnotes (1)
FAQ
What insider transaction did Tennant (TNC) executive Barb Balinski report?
Barb Balinski reported a tax-withholding disposition of 451 Tennant common shares. This Form 4 transaction used shares, valued at $61.03 each, to pay tax obligations rather than reflecting a discretionary open-market sale of stock.
What does transaction code F mean in Barb Balinski’s Tennant (TNC) Form 4?
Transaction code F indicates payment of an exercise price or tax liability by delivering securities. In this case, 451 Tennant common shares were transferred to satisfy taxes, distinguishing it from a standard open-market purchase or sale.
Is Barb Balinski’s Tennant (TNC) Form 4 transaction a typical insider sale?
No, the Form 4 shows a tax-withholding disposition, not a discretionary sale. Shares were delivered at $61.03 each to cover tax obligations, a common administrative step tied to equity awards rather than a market-timed stock trade.