Twin Disc (TWIN) Form 4/A: 14,963 RSUs Added in Insider Amendment
Twin Disc, Inc. (TWIN) amended a Form 4 to disclose a previously omitted award of 14,963 restricted stock units (RSUs) granted on 08/04/2024.
Rhea-AI Filing Summary
Twin Disc, Inc. (TWIN) amended a Form 4 to disclose a previously omitted award of 14,963 restricted stock units (RSUs) granted on 08/04/2024. Each RSU represents a contingent right to receive one share of Twin Disc common stock, awarded at $0. The RSUs vest three years from the grant date — 08/04/2027 — if the reporting person remains employed by the issuer.
The reporting person is Jeffrey S. Knutson, noted as an officer with the titles VP Finance, CFO, Secretary & Treasurer. The amendment explains that the original Form 4 filed on 08/06/2024 inadvertently omitted this award; the corrected Form 4/A bears the reporting signature dated 08/13/2025. The filing records the grant details but contains no additional financial or performance metrics.
Positive
- Amended filing discloses the previously omitted award, restoring public record completeness.
- Grant details provided: 14,963 RSUs, granted 08/04/2024, priced at $0, vesting 08/04/2027.
- Clear statement of RSU nature: each RSU represents a contingent right to receive one share.
Negative
- Original Form 4 omitted the RSU award, as acknowledged in the amendment filed to correct the record.
- Correction executed later: the amendment is signed 08/13/2025 for a transaction dated 08/04/2024 and original filing dated 08/06/2024.
Insights
TL;DR: Amendment corrects an omission by disclosing 14,963 RSUs granted to an officer; vesting in three years.
The filing is a corrective disclosure: the reporting person, Jeffrey S. Knutson (VP Finance, CFO, Secretary & Treasurer), received 14,963 RSUs on 08/04/2024, each convertible to one share and vesting on 08/04/2027 if employment continues. The Form notes the original Form 4 filed on 08/06/2024 inadvertently omitted the award and this Form 4/A includes the missing award with a reporting signature dated 08/13/2025. From a governance perspective, the amendment restores disclosure completeness but highlights an initial reporting omission that investors and compliance teams will note.
TL;DR: Insider grant of 14,963 RSUs disclosed via amendment; transaction date 08/04/2024, vesting 08/04/2027, price $0.
The instrument is restricted stock units priced at $0, representing contingent rights to shares. The report specifies the transaction date (08/04/2024), original filing date (08/06/2024), and the signature date on this amendment (08/13/2025). This is a routine equity award disclosure corrected after an omission; the filing contains no exercise, sale, or cash consideration and no additional derivative instruments or ownership totals beyond the RSU detail.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 14,963 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted stock unit represents a contingent right to receive one share of Twin Disc Inc common stock.
- F2. The restricted stock units will vest three years from the grant date if the Reporting Person is still employed by the issuer.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Who filed the Form 4/A for Twin Disc (TWIN)?
How many restricted stock units were disclosed in the amendment for TWIN?
When do the RSUs vest and what do they represent?
Was the original Form 4 filed previously and what happened?
What price was attached to the RSU award in the filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.