John H. Batten - Aug 3, 2023 Form 4 Insider Report for TWIN DISC INC (TWIN)

Role
President and CEO, Director, 10%+ Owner
Signature
/s/ John H. Batten
Stock symbol
TWIN
Transactions as of
Aug 3, 2023
Transactions value $
$735,706
Form type
4
Date filed
8/4/2023, 08:31 PM
Previous filing
Nov 2, 2022
Next filing
Aug 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWIN Common Stock Award $0 +32.9K +10.29% $0.00 353K Aug 3, 2023 Direct F1
transaction TWIN Common Stock Award $1.39M +108K +30.72% $12.80 461K Aug 3, 2023 Direct F2
transaction TWIN Common Stock Tax liability -$652K -51K -11.05% $12.80 410K Aug 3, 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).