John H. Batten - Aug 3, 2022 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, 2022
Transactions value $
$400,001
Form type
4
Date filed
8/8/2022, 05:27 PM
Previous filing
Aug 12, 2022
Next filing
Nov 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TWIN Common Stock Award $400K +48.3K +17.35% $8.29 326K Aug 3, 2022 Direct F1
holding TWIN Common Stock 2.46K Aug 3, 2022 401(k)
holding TWIN Common Stock 195K Aug 3, 2022 As Trustee F2
holding TWIN Common Stock 221K Aug 3, 2022 As Trustee F3
holding TWIN Common Stock 54.2K Aug 3, 2022 As Trustee F4
holding TWIN Common Stock 53.7K Aug 3, 2022 As Trustee F5
holding TWIN Common Stock 45.4K Aug 3, 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 +72.4K $0.00 72.4K Aug 3, 2022 Common Stock 72.4K $0.00 Direct F7, F8
holding TWIN Restricted Stock Units 21K Aug 3, 2022 Common Stock 21K $0.00 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.