John H. Batten - 03 Aug 2022 Form 4 Insider Report for TWIN DISC INC (TWIN)

Role: President and CEO, Director, 10%+ Owner
Signature: /s/ John H. Batten
Issuer symbol: TWIN
Transactions as of: 03 Aug 2022
Net transactions value: +$400,001
Form type: 4
Filing time: 08 Aug 2022, 17:27:41 UTC
Previous filing: 12 Aug 2022
Next filing: 02 Nov 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TWIN	Common Stock	Award	$400,001	+48,251	+17%	$8.29	326,395	03 Aug 2022	Direct	F1
holding	TWIN	Common Stock						2,457	03 Aug 2022	401(k)
holding	TWIN	Common Stock						195,019	03 Aug 2022	As Trustee	F2
holding	TWIN	Common Stock						221,156	03 Aug 2022	As Trustee	F3
holding	TWIN	Common Stock						54,152	03 Aug 2022	As Trustee	F4
holding	TWIN	Common Stock						53,672	03 Aug 2022	As Trustee	F5
holding	TWIN	Common Stock						45,440	03 Aug 2022	As Trustee	F6

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	TWIN	Restricted Stock Units	Award	$0	+72,376		$0.000000	72,376	03 Aug 2022	Common Stock	72,376	$0.000000	Direct	F7, F8
holding	TWIN	Restricted Stock Units						20,952	03 Aug 2022	Common Stock	20,952	$0.000000	Direct	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Award of Restricted Stock for no cash consideration pursuant to Twin Disc, Incorporated 2021 Long-Term Incentive Compensation Plan as amended. Grant will vest 100% on 8/3/2025.
F2	As trustee of Michael E. Batten Marital Trust.
F3	As trustee of Michael E. Batten Family Trust.
F4	As trustee of Elizabeth Batten Stribney Trust.
F5	As trustee of Timothy Michael Batten Trust.
F6	As trustee of Louise Vemet Batten Grantor Trust.
F7	Award of Restricted Stock Units for no cash consideration pursuant to Twin Disc, Incorporated 2021 Long-Term Incentive Compensation Plan. Grant will vest 100% on 8/3/2025.
F8	Each restricted stock unit represents a contingent right to receive one share of Twin Disc Inc. common stock, subject to adjustment based on achievement of performance objectives. The maximum number of shares issuable under this award is 144,752.
F9	The restricted stock units will vest three years from the grant date if the Reporting Person is still employed by the issuer and if certain performance objectives for the three-year period ending June 30, 2025 are met.