Regan Brian P 4
Research Summary
AI-generated summary
Manitowoc (MTW) CFO Regan Withholds 4,834 Shares for Taxes
What Happened
Brian P. Regan, Chief Financial Officer of Manitowoc Co Inc (MTW), had 4,834 shares withheld on 2026-02-27 to satisfy tax withholding on previously granted restricted stock units. The shares were valued at $14.75 each, for a reported total of $71,302. This was a tax-withholding disposition (transaction code F), a routine administrative action rather than an open-market sale.
Key Details
- Transaction date: 2026-02-27
- Type/code: Payment of tax liability / withholding on RSUs (Code F)
- Shares withheld/disposed: 4,834 at $14.75 per share; total reported $71,302
- Shares owned after transaction: Not specified in the provided filing excerpt
- Filing date: 2026-03-03 — appears to be within the normal two-business-day Form 4 reporting window
- Footnotes: F1 notes common stock includes restricted stock units; F2 clarifies these shares were withheld to satisfy tax withholding on previously reported RSUs
Context
This was a tax-withholding (cashless) disposition of RSU shares by the company to meet tax obligations—not a discretionary sale into the market—so it’s generally considered a routine administrative event and not a directional signal about the insider’s view of the stock. Purchases by insiders typically carry more informational weight for investors than routine withholdings.