Donal L. Mulligan, a member of Tennant Co's board of directors, executed two purchases of the company’s common stock on February 26 and February 27, 2026, bringing his total recent investment to $504,130.
According to the transaction details, Mulligan purchased 5,000 shares on February 26 at $63.86 per share and an additional 3,000 shares on February 27 at $61.61 per share. The combined consideration for the two trades equals $504,130. The shares from these transactions are held indirectly by a trust established for Mulligan’s spouse.
Following these purchases, Mulligan’s directly held stake in Tennant Co stands at 19,603 shares.
These insider purchases come alongside the company’s recently released fourth-quarter 2025 financial results, which missed consensus estimates on several fronts. Tennant Company reported earnings per share of $0.48 for the quarter, well below the expected $1.68. Revenue for the period totaled $291.6 million, below the $320.38 million analysts had anticipated.
The company attributed the shortfall in part to disruptions from an enterprise resource planning implementation and to declining sales activity in North America.
In a separate personnel announcement, Tennant Company said Senior Vice President and Chief Transformation Officer Barb Balinski intends to retire in September 2026. The company has not provided details on a successor or any transition arrangements.
Summary
Mulligan purchased 8,000 Tennant Co shares across two late-February 2026 trades for a total of $504,130. The purchases are held indirectly by a trust for his spouse. The transactions follow Tennant’s fourth-quarter 2025 results, which missed EPS and revenue expectations, and precede the planned retirement of a senior transformation executive in September 2026.
Key points
- Insider buying: Donal L. Mulligan bought 5,000 shares at $63.86 on February 26, 2026, and 3,000 shares at $61.61 on February 27, 2026, totaling $504,130.
- Financial performance: Tennant Company reported Q4 2025 EPS of $0.48 versus an expected $1.68 and revenue of $291.6 million versus an expected $320.38 million.
- Leadership change: Barb Balinski, Senior VP and Chief Transformation Officer, plans to retire in September 2026 with no successor details disclosed.
Risks and uncertainties
- ERP implementation issues cited by the company present operational risk and were identified as a contributor to the recent revenue and earnings shortfall.
- Declining sales in North America are a near-term market risk affecting top-line performance.
- The lack of disclosed succession or transition plans for the planned September 2026 retirement of a senior transformation executive creates leadership continuity uncertainty.
These elements together frame the recent insider purchase and company disclosures. The transaction details, reported financial shortfalls, and forthcoming executive retirement are the material items disclosed by the company in its recent updates.