John H. Batten - 03 Aug 2023 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 2023
Net transactions value
+$735,706
Form type
4
Filing time
04 Aug 2023, 20:31:53 UTC
Previous filing
02 Nov 2022
Next filing
08 Aug 2023
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 $0 +32,933 +10% $0.000000 353,010 03 Aug 2023 Direct F1
transaction TWIN Common Stock Award $1,388,134 +108,448 +31% $12.80 461,458 03 Aug 2023 Direct F2
transaction TWIN Common Stock Tax liability $652,429 -50,971 -11% $12.80 410,487 03 Aug 2023 Direct F3
* 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 the Twin Disc, Incorporated 2021 Long-Term Incentive Compensation Plan as amended. Grant will vest 100% on 8/3/2026
F2 Vesting of Performance Stock for no cash consideration pursuant to the Twin Disc, Incorporated 2018 Long-Term Incentive Compensation Plan as amended.
F3 Represents shares of common stock withheld by the issuer to satisfy tax obligations in connection with the vesting of performance stock granted to the Reporting Person pursuant to Rule 16b-3(d).