Twin Disc (TWIN) 10% Owner John H. Batten Receives Awards, Withholds Shares

What Happened

• John H. Batten, reported as a 10% owner of Twin Disc, received equity awards and had shares withheld to satisfy tax obligations in transactions dated Aug 5, 2026. He was granted/vested a total of 97,449 shares (78,693 @ $24.01 = $1,889,419; 18,756 @ $24.01 = $450,332), and 52,465 shares were disposed/withheld to cover taxes (15,479 @ $23.34 = $361,218; 36,986 @ $24.01 = $888,034). The filing was submitted Aug 7, 2026.

Key Details

• Transaction date: Aug 5, 2026; Filing date: Aug 7, 2026.
• Acquisitions: 78,693 shares @ $24.01 ($1,889,419) and 18,756 shares @ $24.01 ($450,332) — total acquired 97,449 shares (~$2.34M).
• Disposals (tax withholding): 15,479 shares @ $23.34 ($361,218) and 36,986 shares @ $24.01 ($888,034) — total withheld 52,465 shares (~$1.25M).
• Footnotes: withholdings (F1, F3) represent shares withheld by the issuer to satisfy tax obligations on vesting; F2 notes vesting of performance stock for no cash; F4 is an award of restricted stock that vests 100% on 8/5/2029. Several footnotes (F5–F9) indicate holdings/trustee roles for family trusts.
• Shares owned after these transactions are not specified in the provided filing summary.

Context

• The acquisitions reflect awards/vesting (not open-market purchases) — F2 indicates performance stock vested for no cash consideration and F4 is a restricted stock grant with a future vesting date (8/5/2029).
• The "disposals" are tax-withheld shares (common in equity vesting events) rather than active market sales; these are routine mechanics to cover tax liabilities.
• As a reported 10% owner and trustee for several family trusts, Batten’s filings reflect substantial shareholder/beneficial ownership activity rather than employee open-market trading.