Mulligan Donal L 4

What Happened

• Donal L. Mulligan, a director of Tennant Company (TNC), made open-market purchases totaling 8,000 shares: 5,000 shares on Feb 26, 2026 at $63.86 ($319,300) and 3,000 shares on Feb 27, 2026 at $61.61 ($184,830), for aggregate proceeds of about $504,130. These were purchases (transaction code P), which some investors view as a bullish signal.

Key Details

• Transaction dates and prices:
  • Feb 26, 2026 — 5,000 shares at $63.86 each = $319,300
  • Feb 27, 2026 — 3,000 shares at $61.61 each = $184,830
• Total shares acquired: 8,000; total value: ~$504,130
• Transaction type: P (purchase) — open-market acquisition
• Shares owned after transaction: Not specified in the Form 4 filing provided
• Footnotes / special plans: None disclosed in the reported transactions
• Filing date: March 2, 2026 — filing appears timely under the SEC’s two-business-day Form 4 rule

Context

• These were straightforward open-market purchases (not option exercises, awards, gifts, or tax-withholding transactions). Purchases by insiders are often watched by retail investors as one indicator of insider conviction, but they do not guarantee future performance.