Schottler Patrick W. 4

What Happened
Patrick W. Schottler, Senior Vice President and Chief Marketing & Technology Officer at Tennant Company (TNC), had 194 shares disposed to satisfy a tax/payment obligation (Form 4 transaction code F). The shares were recorded at $61.03 each, for a total value of approximately $11,840. This disposition appears to be a withholding to cover taxes (not an open-market sale).

Key Details

• Transaction date: 2026-02-28
• Filing date: 2026-03-03 (Form 4 accession 0002022060-26-000003)
• Transaction type/code: Payment of exercise price or tax liability (code F) — shares withheld/forfeited to cover taxes
• Shares disposed: 194 at $61.03 per share; total value ≈ $11,840
• Shares owned after transaction: not specified in the provided filing summary
• Footnote: Code F typically indicates shares were withheld to satisfy tax withholding obligations following option exercise or RSU vesting (cashless/withholding settlement)
• Timeliness: filing date provided; no late-filing flag noted in the supplied data

Context
A code F withholding is a routine administrative step when equity awards vest or options are exercised and taxes are due. It is generally not considered a bearish insider sale signal because shares are retained by the company/broker to cover tax liabilities rather than being sold on the open market.