Palmer Ryan M 4

What Happened

• Ryan M. Palmer, Vice President and Corporate Controller of Manitowoc Co. Inc. (MTW), received an award/settlement of 5,099 shares (performance share units) on Feb 18, 2026. The award is reported as 5,099 shares @ $0.00 (reported value $0).
• On the same date, 1,902 shares were withheld to satisfy tax withholding obligations related to the settled performance share units; those shares are reported as disposed at $14.86 each for a total reported value of $28,264.

Key Details

• Transaction date: February 18, 2026; Form 4 filed February 20, 2026 (appears timely).
• Award: 5,099 shares reported as an award/settlement (code A).
• Tax withholding: 1,902 shares withheld (code F) at $14.86/share = $28,263.72 (reported $28,264).
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: (F1) Common stock includes restricted stock units; (F2) settlement of performance share units for the performance period ended Dec 31, 2025; (F3) number of shares withheld to satisfy tax withholding on settled PSUs.
• No 10b5-1 plan or late-filing flag indicated in the provided data.

Context

• This was a routine settlement of performance-based equity (PSUs), not an open-market purchase or voluntary sale. The withholding of shares for taxes is a standard administrative step (cashless settlement/tax withholding) and should not be read as a directional trade by the insider.