Twin Disc (TWIN) Director Michael Doar Receives 357-Share Award

What Happened

• Michael Doar, a director of Twin Disc, was issued 357 restricted shares on 2026-08-03 at an implied value of $22.74 per share, a total grant value of $8,118. This was an award/acquisition (restricted stock), not an open-market purchase or sale.

Key Details

• Transaction date and price: 2026-08-03 — 357 shares @ $22.74.
• Total value: $8,118.
• Filing date: Form 4 filed 2026-08-04.
• Shares owned after transaction: Not specified in this filing.
• Footnote: The shares are restricted stock issued in lieu of the quarterly cash retainer under the Twin Disc, Inc. Amended and Restated 2021 Omnibus Incentive Plan; shares vest on the first anniversary of issuance.
• Timeliness: Filing date is the day after the transaction; the filing itself does not indicate a late-report designation.

Context

• These shares were issued as compensation (a retainer election), so they represent routine director pay rather than an open-market investment. Because the shares are restricted and vest in one year, they are not immediately liquid and do not necessarily signal short-term trading intent.