Glerum James T Jr. 4

What Happened

• James T. Glerum Jr., a director of Tennant Company (TNC), made an open-market purchase of 8,163 shares on March 2, 2026 at a weighted average price of $61.25 per share for a total of $499,980. On February 26, 2026 he was also granted 437 restricted stock units (RSUs) (reported as an award with $0 purchase price).
• The March 2 transaction was a cash purchase (code P) — purchases are often viewed by investors as a stronger signal of insider confidence than routine sales. The RSU grant (code A) is a non-employee director award.

Key Details

• Transaction dates and prices:
  • 2026-02-26: Award of 437 RSUs (reported at $0.00) — footnote F1: non-employee director RSU grant.
  • 2026-03-02: Open-market purchase of 8,163 shares at a weighted average price of $61.25 (total ≈ $499,980). Footnote F2 notes purchase prices ranged from $61.23–$61.25 and that the reporting person can provide a per-price breakdown on request.
• Shares owned after the transaction: not specified in the provided excerpt — see the full Form 4 for the "Amount of securities owned following reported transaction" field.
• Filing: Form 4 filed on March 2, 2026 (covers transactions on Feb 26 and Mar 2). No late-filing indicator is shown in the provided data.
• No 10b5-1 plan, option exercise, gift, or tax-withholding details are indicated in the excerpt.

Context

• RSU grants to non-employee directors are common compensation and do not necessarily reflect buying/selling intent — they are awards, not purchases.
• The open-market purchase is a straightforward cash buy of common stock. For retail investors, purchases by directors may be considered informational, but they do not guarantee future performance. Check the full Form 4 for total post-transaction holdings and any additional notes before drawing conclusions.