Titan International (NYSE: TWI) SVP reports tax withholding of vested shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Titan International senior vice president and chief technology officer David A. Martin reported a routine tax-related share disposition. The company withheld 6,226 shares of common stock at $7.74 per share to cover tax obligations from vesting restricted stock. After this withholding, Martin directly holds 307,188 shares, including 85,000 restricted shares scheduled to vest in tranches through 2029.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Martin David A
Role
SVP, CTO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 6,226 | $7.74 | $48K |
Holdings After Transaction:
Common stock — 307,188 shares (Direct)
Footnotes (1)
- Reflects shares of common stock withheld by the company to satisfy tax withholding obligations in connection with the vesting of restricted stock. Includes 85,000 shares of restricted stock which vest as follows: 43,333 on 3/10/2027; 28,333 on 3/10/2028; and 13,334 on 3/10/2029.
FAQ
What insider transaction did Titan International (TWI) report for David A. Martin?
Titan International reported that SVP and CTO David A. Martin had 6,226 common shares withheld to cover tax obligations from vesting restricted stock. This is recorded as a tax-withholding disposition, not an open-market sale, under a Form 4 filing.
Was the Titan International (TWI) Form 4 a stock sale by the executive?
No, the Form 4 shows shares withheld to satisfy tax obligations, not a market sale. The company retained 6,226 shares of David A. Martin’s stock when his restricted stock vested, a common administrative step for covering income taxes.
What restricted stock vesting schedule is disclosed for Titan International (TWI) SVP David A. Martin?
The filing notes 85,000 shares of restricted stock for David A. Martin. These vest in tranches: 43,333 shares on March 10, 2027, 28,333 shares on March 10, 2028, and 13,334 shares on March 10, 2029, subject to applicable conditions.
Does the Titan International (TWI) Form 4 indicate any option exercises for David A. Martin?
The Form 4 does not show any option exercises. It only reports a tax-withholding disposition of 6,226 common shares related to the vesting of restricted stock, with no derivative securities listed as exercised in this particular filing.