Twin Disc (TWIN) grants 357 restricted shares to director Doar
Rhea-AI Filing Summary
DOAR MICHAEL reported acquisition or exercise transactions in this Form 4 filing.
TWIN DISC INC director Michael Doar received a grant of 357 shares of common stock on August 3, 2026, as restricted stock issued in lieu of his quarterly cash retainer under the company’s Amended and Restated 2021 Omnibus Incentive Plan. The restricted shares vest on the first anniversary of issuance. Following this award, Doar directly owns 130,363 shares of common stock.
Positive
- None.
Negative
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Insider Trade Summary
Net Buyer: 357 shares
Net Buy
1 txn
Insider
DOAR MICHAEL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK F1 | 357 | $22.74 | $8K |
Holdings After Transaction:
COMMON STOCK — 130,363 shares (Direct)
Footnotes (1)
- F1. Represents restricted stock issued in lieu of quarterly cash retainer, pursuant to an irrevocable election made under the Twin Disc, Incorporated Amended and Restated 2021 Omnibus Incentive Plan. Shares will vest on the first anniversary of the date of issuance.
Key Figures
Restricted shares granted: 357 shares
Grant price: $22.74 per share
Shares owned after grant: 130,363 shares
3 metrics
Restricted shares granted
357 shares
Restricted stock issued to director Michael Doar on August 3, 2026 in lieu of quarterly cash retainer
Grant price
$22.74 per share
Value per share for the restricted stock award to director Michael Doar
Shares owned after grant
130,363 shares
Total Twin Disc common stock directly owned by Michael Doar following the award
Key Terms
restricted stock, quarterly cash retainer, Amended and Restated 2021 Omnibus Incentive Plan, irrevocable election, +1 more
5 terms
restricted stock financial
"Represents restricted stock issued in lieu of quarterly cash retainer"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
quarterly cash retainer financial
"issued in lieu of quarterly cash retainer, pursuant to an irrevocable election"
Amended and Restated 2021 Omnibus Incentive Plan financial
"under the Twin Disc, Incorporated Amended and Restated 2021 Omnibus Incentive Plan"
irrevocable election financial
"pursuant to an irrevocable election made under the Twin Disc, Incorporated"
vest financial
"Shares will vest on the first anniversary of the date of issuance"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Michael Doar report for TWIN?
Director Michael Doar reported receiving 357 shares of Twin Disc common stock as a restricted stock award on August 3, 2026. The shares were granted under the company’s Amended and Restated 2021 Omnibus Incentive Plan instead of paying his usual quarterly cash retainer in cash.
Why did Michael Doar receive restricted Twin Disc (TWIN) stock instead of cash?
The 357 restricted Twin Disc shares were issued in lieu of Michael Doar’s quarterly cash retainer. The award followed an irrevocable election he made under Twin Disc’s Amended and Restated 2021 Omnibus Incentive Plan to receive equity compensation rather than cash for this portion of director fees.