Middleton Leslie L. 4

What Happened

• Leslie L. Middleton, EVP Americas EU Mobile Cranes at Manitowoc (MTW), received a grant/settlement of 30,585 shares on 2026-02-18 (reported as Acquisition code A). These were settlement of performance share units for the performance period ended 12/31/2025 (footnote F2) and are reported at $0.00 per share (typical for RSU/PSU settlement).
• To satisfy tax withholding obligations, 13,550 of those shares were withheld/disposed (code F) at $14.86 per share, resulting in $201,353 withheld (footnote F3). This withholding is an internal tax settlement, not an open-market sale.

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-20 (timely; Form 4s must generally be filed within two business days).
• Award: 30,585 shares (Acquisition A) reported at $0.00 per share.
• Withheld for taxes: 13,550 shares (Disposition F) at $14.86/share = $201,353.
• Footnotes: F1 = common stock includes restricted stock units; F2 = settlement of PSUs for performance period ended 12/31/2025; F3 = shares withheld to satisfy tax withholding.
• Shares owned after the transaction are not specified in the provided excerpt of the filing.

Context

• This filing reflects a compensation settlement (PSUs/RSUs) and routine tax withholding, not an open-market purchase or a voluntary sale. Such awards are common executive compensation events and do not by themselves indicate a change of view about the company’s stock.