Tennant (TNC) Director Patrick E. Allen Buys 3,000 Shares

What Happened Patrick E. Allen, a director of Tennant Company (TNC), purchased 3,000 shares of Tennant common stock in an open-market transaction on August 31, 2026. The weighted average purchase price was $69.42 per share, for a total cost of about $208,250. This was a purchase (code P), which investors often view as a more bullish signal than a sale, though motivations are not stated.

Key Details

• Transaction date: 2026-08-31; filing date (Form 4): 2026-09-23 (filed 23 days after the trade — appears to be late).
• Price: weighted average $69.42 per share; per-footnote trade prices ranged from $69.17 to $69.555.
• Shares acquired: 3,000 (open-market purchase).
• Shares owned after transaction: not specified in the filing.
• Footnote: Reporting person notes the $69.42 is a weighted average of multiple purchases on Aug 31 and will provide a per-price breakdown to the SEC, issuer, or a security holder upon request.
• Transaction code: P = Purchase.

Context This was a straightforward open-market purchase by a company director (not an option exercise, gift, or tax-withholding event). Purchases by insiders can be informative to retail investors, but they are one data point — the filing does not state intent or future plans. Also note the filing date is later than the trade date; timeliness of insider filings matters for transparency.