ALAMO GROUP (ALG) EVP Thomas K. Jon Surrenders 33 Shares for Taxes
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ALAMO GROUP (ALG) EVP Thomas K. Jon Surrenders 33 Shares for Taxes
What Happened Thomas Kevin Jon, Executive Vice President — Industrial Equipment at Alamo Group (ALG), had 33 shares disposed on August 1, 2026 to satisfy a tax withholding obligation related to an equity award or option exercise. The shares were valued at $159.08 each, for a reported total of $5,250. This was a tax-withholding disposition (transaction code F), not an open-market sale.
Key Details
- Transaction date: 2026-08-01; Price per share: $159.08; Shares disposed: 33; Reported value: $5,250.
- Filing date: 2026-08-04 (Form 4 filed with the SEC). The filing does not flag a late report.
- Shares owned after the transaction: not disclosed in this filing.
- Footnote: Power of Attorney referenced (Exhibit 24 to Form 3 filed Aug 5, 2024).
- Transaction type: Code F — payment of exercise price or tax liability (shares surrendered/withheld).
Context When insiders surrender shares to cover taxes after an option exercise or award vesting, it is typically a routine administrative step to satisfy tax withholding and does not necessarily indicate a buy/sell signal about future company performance. The filing shows a tax-withholding disposition rather than an open-market sale.