Tennant Co (TNC) director receives 1,490-share restricted stock unit grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glerum James T Jr.
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,490 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 10,090 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
RSU grant size: 1,490 shares
Grant price: $0.00 per share
Shares held after grant: 10,090 shares
+2 more
5 metrics
RSU grant size
1,490 shares
Non-employee director restricted stock unit grant of Common Stock
Grant price
$0.00 per share
Equity compensation, not an open-market purchase
Shares held after grant
10,090 shares
Total direct holdings of Common Stock following the award
Acquisition transactions
1
Single grant/award acquisition reported in Form 4 data
Share sales in this filing
0 shares
No dispositions or open-market sales reported
Key Terms
restricted stock unit, non-employee director, Common Stock, grant/award acquisition, +1 more
5 terms
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."
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
grant/award acquisition financial
"transaction_action: "grant/award acquisition""
Form 4 regulatory
"Form 4 data show one acquisition"
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.
FAQ
What insider transaction did Tennant Co (TNC) report for James T. Glerum Jr.?
Tennant Co reported that director James T. Glerum Jr. received a grant of 1,490 shares of Common Stock. This was a non-employee director restricted stock unit award, recorded at $0.00 per share as equity compensation rather than an open-market trade.
Was the Tennant Co (TNC) transaction a stock purchase or a compensation grant?
The transaction was a compensation grant, not a stock purchase. James T. Glerum Jr. received 1,490 shares of Common Stock as a non-employee director restricted stock unit grant, which is a typical equity award for board service rather than a market buy.
What does a non-employee director restricted stock unit grant mean for Tennant Co (TNC)?
A non-employee director restricted stock unit grant represents equity compensation paid in company stock to an outside director. For Tennant Co, this 1,490-share grant aligns director incentives with shareholders by increasing the director’s direct ownership in Tennant Common Stock without involving a cash transaction.