Ravenscroft Aaron H. 4

What Happened

• Aaron H. Ravenscroft, President & CEO of Manitowoc Co. Inc. (MTW), received 154,961 shares on 2026-02-18 as the settlement of performance share units (PSUs) for the performance period ended 12/31/2025. The award is reported at $0.00 per share (award/grant).
• On the same date, 72,832 shares were disposed/withheld at $14.86 per share to satisfy tax withholding obligations, generating proceeds of $1,082,284. This disposal reflects tax withholding on the settled PSUs rather than an open-market sale for investment reasons.

Key Details

• Transaction date: 2026-02-18; Filing date: 2026-02-20 (timely Form 4 filing).
• Award: 154,961 shares (reported as acquisition, price $0.00).
• Tax withholding/disposition: 72,832 shares at $14.86 each, proceeds $1,082,284.
• Footnotes: F1 — common stock count includes restricted stock units; F2 — settlement of PSUs for period ended 12/31/2025; F3 — shares withheld to satisfy tax withholding.
• Shares owned after transaction: not disclosed in the Form 4.

Context

• This was principally a compensation settlement (PSUs converting to stock). The transfer of 72,832 shares was a tax-withholding action (cashless settlement) to satisfy withholding obligations, a routine administrative step and not necessarily a market-timing sale.
• For retail investors, awards increase insider ownership (subject to vesting/terms), while tax-withholding disposals are common and do not on their own indicate directional insider sentiment.