Jeffrey S. Knutson - 02 Aug 2022 Form 4 Insider Report for TWIN DISC INC (TWIN)

Role
VP Finance, CFO, Secr & Trea
Signature
/s/ Jeffrey S. Knutson
Issuer symbol
TWIN
Transactions as of
02 Aug 2022
Net transactions value
+$144,490
Form type
4
Filing time
08 Aug 2022, 17:27:59 UTC
Previous filing
06 Aug 2021
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 Tax liability $51,908 -5,673 -6.5% $9.15 81,705 02 Aug 2022 Direct F1
transaction TWIN Common Stock Award $196,398 +23,691 +28% $8.29 107,965 03 Aug 2022 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock withheld by the issuer to satisfy tax obligations in connection with the vesting of restricted stock granted to the Reporting Person pursuant to Rule 16b-3(d).
F2 Award of Restricted Stock for no cash consideration pursuant to the Twin Disc, Incorporated 2021 Long-Term Incentive Compensation Plan. Grant will vest 100% on 8/3/2025.