Johnson David W 4

What Happened
David W. Johnson, a director of Twin Disc, received an award of 237 restricted shares on 2026-05-01. The shares were issued at an imputed value of $17.12 each, totaling $4,057, as a grant/award (transaction code A). This was an award issued in lieu of a quarterly cash retainer—not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-05-01
• Transaction type/code: Award/Grant (A) — acquisition of 237 restricted shares at $17.12 per share (total value $4,057)
• Vesting: Shares will vest on the first anniversary of issuance (per footnote)
• Shares owned after transaction: Not specified in the provided filing
• Filing timeliness: Reported on 2026-05-01 for the same reporting date; no late filing indicated in the submission
• Footnote: Shares issued in lieu of a quarterly cash retainer under the Twin Disc, Inc. Amended and Restated 2021 Omnibus Incentive Plan, pursuant to an irrevocable election

Context
Awards issued in lieu of cash retainers are a routine form of director compensation and do not reflect an open-market purchase or sale. The shares are restricted and subject to vesting, so they are not immediately liquid.