Huml David W. 4

What Happened
David W. Huml, President & CEO and Director of Tennant Company (TNC), received equity awards and executed several market purchases while surrendering shares to cover tax liabilities. On Feb 26, 2026 he was issued two awards totaling 64,166 shares (35,472 and 28,694; acquired at $0.00 as compensation). That same day 13,807 shares were disposed at $62.73 to satisfy tax withholding (value reported $866,113). He also made open-market purchases totaling 4,000 shares (2,600 @ $64.02; 1,225 @ $65.01; 175 @ $65.48) for a combined reported cost of $257,560. Separately, on Apr 14, 2025 there are gift transfers of 17,571 shares (reported as gifts at $0.00).

Key Details

• Transaction dates: Apr 14, 2025 (gifts) and Feb 26, 2026 (awards, purchases, withholding); Form filed Mar 2, 2026.
• Major amounts: 64,166 shares awarded (A); 4,000 shares purchased in open market (P) for ~$257.6K; 13,807 shares withheld (F) for taxes = $866,113.
• Purchase price details / footnotes: 2,600-share weighted avg $64.02 (individual trades ranged $63.45–$64.33); 1,225-share weighted avg $65.01 (range $64.45–$65.43); 175-share weighted avg $65.48 (range $65.48–$65.49).
• Gifts: 17,571-share gift transfers reported at $0.00 on Apr 14, 2025 — gifts are transfers and don’t necessarily indicate sentiment.
• Shares owned after these transactions: not specified in the provided filing details.
• Filing timeliness: The Form 4 was filed on Mar 2, 2026 while some reported transactions date back to Apr 14, 2025 — this suggests the filing covers earlier events and may be late.

Context

• The A-code entries are equity awards (likely RSUs or similar) issued as compensation (acquired at $0.00). The F-code disposal reflects shares surrendered to cover tax withholding — a routine step when awards vest.
• The open-market purchases (P) represent outright buys and are the most direct bullish signal among these moves; the withheld shares (F) are not a sale for cash but a tax-related transfer.
• Gifts (G) are personal transfers and generally do not reflect the executive’s view of the company’s stock.