West Fay 4

What Happened
West Fay, Senior Vice President and Chief Financial Officer of Tennant Company (TNC), received stock awards and had shares withheld to cover tax obligations. On Feb 26, 2026, Fay was granted a total of 19,532 shares (11,697 + 7,835) as awards (acquired at $0.00). At the same time, 3,646 shares were disposed/withheld to cover tax liability at a reported price of $62.73 per share, generating proceeds of approximately $228,714. These award grants are not purchases of stock; the withheld shares reflect tax withholding rather than an open-market sale.

Key Details

• Transaction date: February 26, 2026.
• Awards: 11,697 shares (A) and 7,835 shares (A), acquired at $0.00 each (total 19,532 shares).
• Tax withholding/disposition: 3,646 shares (F) at $62.73 per share = $228,714.
• Shares owned after transaction: not specified in the provided filing details.
• Filing date: March 2, 2026 — appears filed within the normal two-business-day window.
• Notable codes: A = award/grant, F = tax withholding/payment of exercise price or tax liability (routine).

Context
This appears to be a standard equity award vesting with the company withholding shares to satisfy tax obligations (a routine administrative event). That withholding should not be interpreted as a separate bearish sale; award/grant activity reflects compensation rather than an investment purchase. Purchases (P) by insiders tend to carry more weight for signaling than awards or withholding events.