Peterson Jennifer L 4

What Happened
Jennifer L. Peterson, Executive Vice President, General Counsel & Secretary of Manitowoc Co. Inc. (MTW), had performance share units (PSUs) settle on February 18, 2026, resulting in an award of 23,448 shares (reported as an acquisition, code A). To satisfy tax withholding obligations, 11,018 of those shares were withheld (reported as disposition, code F) at $14.86 per share for a tax-withholding value of $163,727. Net shares delivered to Peterson after withholding were 12,430. The full award is worth roughly $348,437 based on the $14.86 per-share value used for withholding.

Key Details

• Transaction date: 2026-02-18; Form 4 filed: 2026-02-20 (timely).
• Award: 23,448 shares (code A), acquisition price reported $0.00 (compensation award/settlement).
• Tax withholding: 11,018 shares withheld (code F) at $14.86/share = $163,727 withheld.
• Net issued to insider: 12,430 shares (23,448 awarded − 11,018 withheld).
• Footnotes: F1 = common stock includes restricted stock units; F2 = settlement of performance share units for the period ended 12/31/2025; F3 = number of shares withheld for tax obligations.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Filing timeliness: appears timely (filed two days after the transaction).

Context
This was a compensation settlement of PSUs, not an open-market purchase or sale; withholding of shares for taxes is a routine, internal disposition (cashless settlement) and does not necessarily signal buying/selling sentiment. Code A indicates an award/settlement; code F indicates shares withheld to satisfy tax withholding.