Titan International (TWI) VP uses share withholding to cover tax on vesting stock
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Titan International Vice President and Chief Accounting Officer James M. Pach reported a routine tax-related share disposition. The company withheld 1,111 shares of common stock at $7.74 per share to satisfy tax obligations tied to vesting restricted stock. After this withholding, Pach directly holds 29,819 common shares. Footnotes state that his holdings include 26,000 restricted shares scheduled to vest in tranches on March 10, 2027, March 10, 2028, and March 10, 2029, indicating a continuing long-term equity position.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pach James M
Role
VP, Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common stock | 1,111 | $7.74 | $9K |
Holdings After Transaction:
Common stock — 29,819 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 26,000 shares of restricted stock which vest as follows: 10,666 on 3/10/27; 8,667 on 3/10/28; and 6,667 on 3/10/29.
FAQ
What insider transaction did Titan International (TWI) report for James M. Pach?
Titan International reported that James M. Pach had 1,111 common shares withheld to cover tax obligations. The withholding relates to the vesting of restricted stock, and is a non-market, administrative disposition rather than an open-market sale of shares.
Was the Titan International (TWI) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the company to pay taxes due on vesting restricted stock, a common administrative mechanism rather than a discretionary trading decision.
What restricted stock vesting schedule is disclosed for Titan International (TWI) executive James M. Pach?
Footnotes state that Pach holds 26,000 restricted shares vesting in tranches: 10,666 shares on March 10, 2027, 8,667 shares on March 10, 2028, and 6,667 shares on March 10, 2029, supporting long-term alignment with company performance.
Does the Titan International (TWI) Form 4 indicate any remaining derivative securities for James M. Pach?
The filing’s derivative section is empty, indicating no derivative transactions reported in this Form 4. The activity relates only to common stock withheld for taxes, alongside disclosure of outstanding restricted stock scheduled to vest in future years.