Zay Richard H. 4
4 · TENNANT CO · Filed May 11, 2026
Research Summary
AI-generated summary of this filing
Tennant (TNC) CCO Richard H. Zay Sells 6,875 Shares
What Happened
Richard H. Zay, Chief Commercial Officer of Tennant Company (TNC), sold 6,875 shares of Tennant common stock in open-market/private sale transactions on May 7, 2026. The weighted average sale price was $88.02 per share, producing gross proceeds of approximately $605,103. This transaction is a sale (S) — a routine disposition rather than a purchase.
Key Details
- Transaction date: May 7, 2026 (filed on Form 4: May 11, 2026). The filing appears timely (filed within two business days).
- Price: weighted average $88.02; footnote reports individual sale prices ranged from $88.00 to $88.28. The reporting person can provide per-price detail on request (footnote F1).
- Shares sold: 6,875; gross proceeds ≈ $605,103.
- Shares owned after transaction: not specified in the provided filing details.
- No 10b5-1 trading plan, tax-withholding, or option exercise was indicated in the reported transaction.
- Transaction code: S = Sale (open market or private sale).
Context
Officer stock sales are commonly for liquidity, diversification, tax obligations, or other personal reasons and do not by themselves prove a change in the officer’s view of the company. Purchases tend to be more informative of insider conviction; this filing documents a routine sale by a senior executive.
Insider Transaction Report
- Sale
Common Stock
[F1]2026-05-07$88.02/sh−6,875$605,103→ 27,518 total
Footnotes (1)
- [F1]Reflects the weighted average price of 6,875 shares of common stock of Tennant Company sold by the reporting person in multiple transactions on May 7, 2026 with sale prices ranging from $88.00 to $88.28 per share. The reporting person undertakes to provide upon request by the U.S. Securities and Exchange Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.