Director gets 437 Tennant (NYSE: TNC) restricted stock units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALLEN PATRICK E reported acquisition or exercise transactions in this Form 4 filing.
Tennant Company director Patrick E. Allen received an equity grant of 437 shares of common stock on February 26, 2026. The Form 4 describes this as a non-employee director restricted stock unit award, granted at a stated price of $0.00 per share as part of equity compensation.
Following this award, Allen’s directly held common stock reported in this filing totals 437 shares, reflecting the new grant rather than an open-market purchase.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
ALLEN PATRICK E
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 437 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 437 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Tennant Co (TNC) report for Patrick E. Allen?
Tennant Co reported that director Patrick E. Allen received an equity award of 437 shares of common stock. The grant was made as restricted stock units for a non-employee director, recorded at a price of $0.00 per share on February 26, 2026.
Was the Tennant Co (TNC) Form 4 transaction an open-market stock purchase?
No, the Form 4 shows an equity award, not an open-market purchase. Patrick E. Allen acquired 437 shares through a non-employee director restricted stock unit grant, with a stated price of $0.00 per share as part of his board compensation.
What does the footnote in the Tennant Co (TNC) Form 4 filing explain?
The footnote explains that the reported shares represent a non-employee director restricted stock unit grant. This clarifies the 437-share acquisition is board equity compensation rather than a market trade, aligning with typical director stock-based pay structures.
What transaction code appears in the Tennant Co (TNC) Form 4 for Patrick E. Allen?
The filing uses transaction code “A,” indicating a grant, award, or other acquisition. In this case, it reflects the award of 437 restricted stock units to non-employee director Patrick E. Allen at a stated price of $0.00 per share.