BATTEN JOHN H 4
Research Summary
AI-generated summary
Twin Disc (TWIN) 10% Owner John Batten Receives 535-Share Award
What Happened
John H. Batten, listed as a 10% owner of Twin Disc, reported an award/acquisition of 535 shares on February 26, 2026. The filing shows an acquisition code (A) at $18.05 per share for a total value of approximately $9,658, while also noting the shares as "Disposed" in the same transaction record.
Key Details
- Transaction date: 2026-02-26
- Transaction type/code: Grant/Award (A) noted with a same-day disposition; 535 shares @ $18.05 = $9,658
- Shares owned after transaction: Not specified in the filing
- Footnotes: F1–F5 indicate Batten acted in trustee capacities for multiple family trusts (Michael E. Batten Marital Trust; Michael E. Batten Family Trust; Elizabeth Batten Stribney Trust; Timothy Michael Batten Trust; Louise Vemet Batten Grantor Trust)
- No 10b5-1 plan, tax-withholding, or late-filing flag is indicated in the provided data
Context
The filing lists an award/acquisition code but also records the shares as disposed, which suggests the award was reported and simultaneously transferred or sold; the filing does not detail the destination or reason for the disposition. As a 10% owner (not a company officer), Batten’s transaction is ownership-related rather than executive trading. The dollar value is modest (~$9.7K) and, by itself, is unlikely to be material to the company’s share dynamics.