BATTEN JOHN H 4
Research Summary
AI-generated summary
Twin Disc (TWIN) 10% Owner John Batten Receives and Disposes 3,143 Shares
What Happened
- John H. Batten, reported as a 10% owner of Twin Disc (TWIN), was issued three grants/awards on Feb 18, 2026 and each reported as "Disposed" the same day. The awards were: 600 shares at $18.00 ($10,800), 1,543 shares at $18.04 (~$27,835), and 1,000 shares at $18.00 ($18,000), totaling 3,143 shares valued at approximately $56,635. These were reported on an SEC Form 4 filed Feb 18, 2026.
Key Details
- Transaction date: 2026-02-18 (all items)
- Prices and values: 600 @ $18.00 = $10,800; 1,543 @ $18.04 ≈ $27,835; 1,000 @ $18.00 = $18,000; total ≈ $56,635
- Reported action: Grant/award acquisition (code A) with immediate disposition (each entry marked "Disposed")
- Shares owned after transaction: Not specified in the provided excerpt of the filing
- Footnotes: Acquisitions attributed to Batten as trustee for multiple trusts (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)
- Timeliness: Filing date equals transaction date (filed 2026-02-18); no late filing flag shown
Context
- The filing shows awards that were immediately disposed. Immediate disposition of award shares commonly reflects a sale (often to cover tax withholding or as part of a distribution), but the Form 4 alone does not state the reason. Because Batten is a reported 10% owner rather than an executive-only filing, this is ownership-level institutional reporting rather than a routine executive open-market buy signal. Purchases typically carry more direct bullish implication than awards followed by disposition.