Donal L. Mulligan - 27 Feb 2024 Form 4 Insider Report for TENNANT CO (TNC)

Role
Director
Signature
/s/ Kristin A. Erickson on behalf of Donal L. Mulligan
Issuer symbol
TNC
Transactions as of
27 Feb 2024
Net transactions value
-$105,827
Form type
4
Filing time
29 Feb 2024, 16:19:02 UTC
Previous filing
04 Jan 2024
Next filing
06 May 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TNC Common Stock Options Exercise $153,553 +2,358 +14% $65.12 19,073 27 Feb 2024 Direct F1
transaction TNC Common Stock Sale $259,380 -2,358 -12% $110.00 16,715 27 Feb 2024 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TNC Stock Option (right to buy) Options Exercise $0 -2,358 -100% $0.000000* 0 27 Feb 2024 Common Stock 2,358 $65.12 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Stock option exercise and sale effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 20, 2023.
F2 Fully vested.