Blashford Eric B. 4
4 · BROADWIND, INC. · Filed May 19, 2026
Research Summary
AI-generated summary of this filing
Broadwind (BWEN) CEO Eric Blashford Withholds 16,597 Shares for Taxes
What Happened
Eric B. Blashford, President and CEO of Broadwind, had a total of 16,597 shares withheld to satisfy tax withholding related to the vesting of previously granted restricted stock units (RSUs). The withholding occurred in two transactions: 8,941 shares on 2026-05-15 at $4.52/share ($40,413) and 7,656 shares on 2026-05-18 at $3.79/share ($29,016), for a combined value of approximately $69,429. These were dispositions reported under transaction code F (payment of tax liability), not open-market sales or purchases.
Key Details
- Transaction dates and prices:
- 2026-05-15: 8,941 shares withheld @ $4.52 = $40,413
- 2026-05-18: 7,656 shares withheld @ $3.79 = $29,016
- Total shares withheld: 16,597; total value: ≈ $69,429.
- Shares/units referenced remaining (per filing footnote):
- 11,808 RSUs vesting 5/25/2026
- 18,199 RSUs vesting 5/16/2027
- 41,250 RSUs (vesting 20,625 shares on 5/15/2027 and 20,625 on 5/15/2028)
- Footnote: The reporting person elected to satisfy his withholding obligation by directing the company to withhold shares otherwise issuable from the previously reported RSU grant (cashless tax withholding).
- Timeliness: Form 4 was filed 2026-05-19 and reports transactions on 5/15/26 and 5/18/26; the filing is within the required two-business-day window and is not marked late.
Context
These transactions are routine tax-withholding dispositions tied to RSU vesting (a cashless settlement method) rather than discretionary open-market sales. Such withholdings are common and do not necessarily indicate a change in the insider’s view of the company.
Insider Transaction Report
- Tax Payment
Common Stock
[F1]2026-05-15$4.52/sh−8,941$40,413→ 583,833 total - Tax Payment
Common Stock
[F1][F2]2026-05-18$3.79/sh−7,656$29,016→ 576,177 total
- 40,409(indirect: By 401(k))
Common Stock
Footnotes (2)
- [F1]The reporting person has elected to satisfy his withholding obligation in connection with the vesting of a prior restricted stock unit grant by directing the Company to withhold shares otherwise issuable pursuant to the previously reported grant.
- [F2]Includes (i) 11,808 restricted stock units that vest 11,808 shares on 5/25/26; (ii) 18,199 restricted stock units that vest 18,199 shares on 5/16/27; and (iii) 41,250 restricted stock units that vest 20,625 shares on each of 5/15/27 and 5/15/28.