ALLEN PATRICK E 4
Research Summary
AI-generated summary
Tennant (TNC) Director Patrick E. Allen Receives RSU Award
What Happened
Patrick E. Allen, a director of Tennant Company (TNC), was granted 1,490 restricted stock units (RSUs) on May 7, 2026. The grant was reported at an acquisition price of $0.00 (a compensation award), so no cash was paid by the insider at grant.
Key Details
- Transaction date: 2026-05-07 (reported on Form 4 filed 2026-05-11). The filing date is within the typical two-business-day reporting window and is timely.
- Transaction type: A — Award/Grant of RSUs (non-purchase compensation).
- Shares granted: 1,490 RSUs; reported acquisition price $0.00 (no cash paid).
- Shares owned after transaction: Not specified in the reported details.
- Footnote: F1 indicates this is a "Non-Employee Director restricted stock unit grant."
Context
RSU grants to non-employee directors are a common form of compensation and typically vest over time; they are not an open-market purchase or sale and therefore do not necessarily signal immediate bullish or bearish trading intent. The award will generally convert to shares upon vesting subject to company terms.