Twin Disc (TWIN) director receives 234 restricted shares as board retainer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Twin Disc director David W. Johnson received 234 shares of common stock as equity compensation. The shares were granted on 02/02/2026 at a value of $17.381 per share under the company’s Amended and Restated 2021 Omnibus Incentive Plan.
The award represents restricted stock issued in lieu of Johnson’s quarterly cash retainer for board service and will vest on the first anniversary of the grant date. Following this transaction, Johnson directly beneficially owns 74,864 shares of Twin Disc common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Johnson David W
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | COMMON STOCK | 234 | $17.381 | $4K |
Holdings After Transaction:
COMMON STOCK — 74,864 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did TWIN director David W. Johnson report?
David W. Johnson reported receiving 234 shares of Twin Disc common stock. The shares are restricted stock granted as part of his director compensation and were issued instead of a quarterly cash retainer under the 2021 Omnibus Incentive Plan.
What type of stock did TWIN grant to director David W. Johnson?
Twin Disc granted restricted common stock to David W. Johnson. The 234 restricted shares were issued as compensation in place of a quarterly cash retainer, with vesting tied to the first anniversary of the issuance date under the company’s 2021 incentive plan.
Why did Twin Disc (TWIN) issue stock instead of cash to David W. Johnson?
Twin Disc issued restricted stock to David W. Johnson in lieu of a quarterly cash retainer. This followed an irrevocable election under the Amended and Restated 2021 Omnibus Incentive Plan, allowing his director compensation to be paid in equity rather than cash.