Schottler Patrick W. 4

What Happened Patrick W. Schottler, SVP and Chief Marketing & Technology Officer at Tennant Company (TNC), was granted a total of 6,056 shares (two awards: 1,537 and 4,519) on Feb 26, 2026 at $0.00 per share (award issuance). To cover tax liabilities, 552 shares were surrendered/withheld (code F) at $62.73 per share, valued at $34,627. This was an award/grant (not an open-market purchase or sale); the withholding is a routine tax payment.

Key Details

• Transaction date: 2026-02-26.
• Grants: 1,537 shares (A) and 4,519 shares (A) awarded at $0.00 per share.
• Tax withholding: 552 shares (F) disposed at $62.73/share for $34,627.
• Net newly issued to insider (gross awards minus withheld): 5,504 shares.
• Shares owned after transaction: not stated in the provided filing summary.
• Notable notes: F = payment of exercise price or tax liability (share withholding); A = award/grant. No 10b5-1 plan or late filing indicator noted; Form 4 was filed on 2026-03-02 (appears timely).

Context

• This looks like a standard equity award (likely RSUs or similar) with the company withholding shares to satisfy tax obligations — a common, routine part of executive compensation and not a market purchase or sale signal. For retail investors, awards reflect compensation practices rather than a direct buy/sell sentiment by the insider.