Ciccone Thomas A 4

What Happened

• Thomas A. Ciccone, Vice President and Chief Financial Officer of Broadwind, had a total of 5,230 shares withheld by the company to satisfy tax withholding obligations tied to previously granted restricted stock units (RSUs). The company reported two withholding transactions: 2,898 shares at $4.52 each (≈ $13,099) on 2026-05-15, and 2,332 shares at $3.79 each (≈ $8,838) on 2026-05-18, for combined proceeds of about $21,937. These transactions are tax-withholding dispositions (code F), not open-market sales.

Key Details

• Transaction dates and amounts:
  • 2026-05-15: 2,898 shares withheld @ $4.52 = $13,099 (code F)
  • 2026-05-18: 2,332 shares withheld @ $3.79 = $8,838 (code F)
• Total shares withheld: 5,230; total value ≈ $21,937.
• Shares owned after transaction: Not specified in the filing.
• Footnotes:
  • F1: Ciccone elected to satisfy withholding by directing the company to withhold shares otherwise issuable under a prior RSU grant.
  • F2: Remaining RSU schedule disclosed: 4,197 RSUs vesting 5/25/26; 6,564 RSUs vesting 5/16/27; and 14,878 RSUs that vest as 7,439 shares on each of 5/15/27 and 5/15/28.
• Timeliness: The Form 4 was filed on 2026-05-19 covering transactions on 5/15 and 5/18; the filing appears timely under the two-business-day reporting rule.

Context

• These were tax-withholding actions tied to RSU vesting (code F). The company withheld shares rather than Ciccone selling shares on the open market — a routine administrative step that satisfies payroll tax withholding and does not necessarily signal a change in insider sentiment.
• For retail investors, purchases or open-market sales by insiders can be more informative about sentiment; withholding of vested shares is common compensation-related activity and is typically neutral.