BATTEN JOHN H 4
Research Summary
AI-generated summary
Twin Disc (TWIN) 10% Owner John Batten Receives & Disposes 15,000 Shares
What Happened
John H. Batten, a reported 10% owner of Twin Disc, was granted three awards on Feb 17, 2026 totaling 15,000 shares that were recorded as disposed the same day. The awards were for 5,000 shares at $18.03 (value $90,125), 5,000 shares at $18.02 (value $90,096), and 5,000 shares at $18.02 (value $90,083), for a combined reported value of $270,304. The Form 4 lists these as grant/award acquisitions (code A) with immediate disposition.
Key Details
- Transaction date: 2026-02-17. Prices and amounts:
- 5,000 shares @ $18.03 = $90,125
- 5,000 shares @ $18.02 = $90,096
- 5,000 shares @ $18.02 = $90,083
- Total shares involved: 15,000; total reported value: $270,304.
- Shares owned after the transaction: not specified in the provided filing.
- Footnotes indicate the shares/transactions relate to trusts for family members (F1–F5: Michael E. Batten Marital Trust; Michael E. Batten Family Trust; Elizabeth Batten Stribney Trust; Timothy Michael Batten Trust; Louise Vemet Batten Grantor Trust).
- Filing timeliness: no late-file flag provided in the data supplied.
Context
- Transaction code A denotes a grant or award. The filing shows these awards were disposed the same day, which can reflect immediate sale or transfer of awarded shares; the Form 4 reports the disposition but does not explain the reason (e.g., sale, tax withholding, or transfer).
- As a 10% owner (not an operating executive title), Batten’s transactions reflect owner-level activity and related trust arrangements rather than routine executive compensation.