Peterson Jennifer L 4
Research Summary
AI-generated summary
Manitowoc (MTW) EVP Jennifer L. Peterson Sells 3,053 Shares
What Happened
- Jennifer L. Peterson, Executive Vice President, General Counsel & Secretary of Manitowoc Co. Inc. (MTW), had 3,053 shares disposed on 2026-02-27 to satisfy tax withholding obligations related to restricted stock units. The shares were valued at $14.75 each, for a total value of approximately $45,032. This is a routine tax-withholding disposition (transaction code F), not an open-market purchase.
Key Details
- Transaction date and price: 2026-02-27 — 3,053 shares at $14.75 each (total ~$45,032).
- Transaction type/code: F — payment of exercise price or tax liability (shares withheld to satisfy taxes).
- Footnotes: F1 notes common stock reporting includes restricted stock units; F2 states these shares were withheld to satisfy applicable tax withholding on previously reported RSUs.
- Filing date: Form 4 filed 2026-03-03 (covers the 2026-02-27 transaction). The provided excerpt does not state post-transaction beneficial ownership.
Context
- This disposition reflects tax withholding on vested RSUs (a common administrative step). Such withholdings are routine and do not necessarily indicate the insider is selling additional shares or expressing a view on the company’s prospects.