West Fay 4

What Happened West Fay, Senior Vice President and Chief Financial Officer of Tennant Company (TNC), disposed of 945 shares on 2026-02-28. The shares were reported as disposed at $61.03 per share for a total value of approximately $57,673. The filing lists the transaction code F, indicating the shares were surrendered to cover an exercise price or tax liability rather than an open-market sale.

Key Details

• Transaction date: 2026-02-28; Filing date: 2026-03-03 (timeliness not indicated in the excerpt).
• Price: $61.03 per share; Shares disposed: 945; Total value: ~$57,673.
• Transaction code: F = Payment of exercise price or tax liability (tax withholding).
• Shares owned after the transaction: not specified in the provided filing excerpt.
• This was not a purchase; shares were withheld/returned to the company to satisfy tax or exercise obligations, not necessarily sold on the open market.

Context An F-coded disposition typically reflects withholding of shares to cover taxes after an option exercise or share vesting (a form of cashless or in-kind tax payment), and does not necessarily signal a decision to liquidate holdings on the market. For retail investors, these transactions are usually routine administrative actions rather than direct indicators of insider confidence.