Joseph Doolan - 07 Mar 2024 Form 4 Insider Report for Manitex International, Inc.

Signature
/s/ Joseph Doolan
Issuer symbol
N/A
Transactions as of
07 Mar 2024
Net transactions value
-$22,228
Form type
4
Filing time
06 Jan 2025, 17:20:20 UTC
Previous filing
04 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MNTX Common Stock Tax liability $14,777 -2,284 -2.4% $6.47 91,574 07 Mar 2024 Direct F1
transaction MNTX Common Stock Tax liability $7,450 -1,177 -1.3% $6.33 90,397 08 Mar 2024 Direct F1
transaction MNTX Common Stock Award $0 +50,000 +55% $0.000000 140,397 02 Jan 2025 Direct F2, F3
transaction MNTX Common Stock Disposed to Issuer -140,397 -100% 0 02 Jan 2025 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Joseph Doolan is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Shares surrendered in payment of tax withholding due upon vesting of restricted stock.
F2 On September 11, 2024, the Board of Directors of the issuer approved a grant of restricted stock units to the reporting person, effective January 1, 2025 and contingent on the closing of the transactions contemplated by the Agreement and Plan of Merger dated as of September 12, 2024, by and among the issuer, Tadano Ltd. and Lift SPC Inc. (the "Merger Agreement"). The closing occurred on January 2, 2025.
F3 Consists of a grant of 50,000 shares, contingent on the closing of the Merger Agreement, of which one-third will vest on January 1, 2026, one-third will vest on January 1, 2027 and one-third will vest on January 1, 2028.
F4 Pursuant to the terms and conditions of the Merger Agreement, (1) 56,797 shares of common stock held by the reporting person were disposed of in exchange for cash consideration of $5.80 per share, less applicable withholding taxes; and (2) and 83,600 unvested restricted stock units held by the reporting person were vested in full and cancelled in exchange for cash consideration of $5.80 per share, less applicable withholding taxes.