Regan Brian P 4
Research Summary
AI-generated summary
Manitowoc (MTW) CFO Brian Regan Receives Award, Withholds Shares for Taxes
What Happened
- Brian P. Regan, Chief Financial Officer of Manitowoc Co Inc (MTW), received an award of 36,702 shares (A — award/grant) on 2026-02-18. On the same date, 17,250 shares were disposed (F — tax withholding) at $14.86 per share to satisfy withholding obligations, totaling $256,335. The award price is reported as $0.00 (typical for RSU/PSU settlements).
Key Details
- Transaction dates: 2026-02-18 (reported on Form 4 filed 2026-02-20 — timely filing).
- Award: 36,702 shares granted/settled (code A).
- Withholding/disposition: 17,250 shares withheld at $14.86 for $256,335 (code F).
- Shares owned after transaction: Not specified in the provided filing.
- Footnotes:
- F1: Common stock reported includes restricted stock units.
- F2: Settlement of performance share units for the performance period ended 12/31/2025.
- F3: Number of shares withheld to satisfy applicable tax withholding on settled PSUs.
- Filing timeliness: Filed 2 days after the transaction date (appears timely).
Context
- This was not an open-market sale but a routine withholding of newly issued performance shares to cover tax liabilities (a common cashless settlement method). The primary action was receipt/settlement of performance-based shares rather than an outright buy or discretionary sale.