Form 4: Timken Co. EVP & CFO Philip D. Fracassa Sells 5,000 Shares
SEC Form 4 Filing
Philip D. Fracassa, EVP & CFO of Timken Co., sold 5,000 shares of common stock on February 18, 2025, at an average price of $83.4.
Summary
- On February 18, 2025, Philip D. Fracassa, the EVP & CFO of Timken Co., sold 5,000 shares of the company's common stock.
- The sale was executed at a weighted average price of $83.4 per share, with individual transactions ranging from $83.36 to $83.45.
- Following the transaction, Fracassa directly owns 101,483 shares of Timken Co. common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC Form 4 filing, indicating a stock sale by an executive. It doesn't inherently convey positive or negative sentiment about the company's performance.
Industry Context
Executive stock sales are a common occurrence and are often related to personal financial planning rather than a reflection of the company's prospects.
Stakeholder Impact
- The sale of shares by an executive could be perceived negatively by some shareholders, although it is a common practice.
Key Dates
| Date | Description |
|---|---|
| 02/18/2025 | Date of transaction: Philip D. Fracassa sold 5,000 shares of Timken Co. common stock. |
| 02/19/2025 | Date of signature on the Form 4 filing. |
Keywords
Form 4, Timken Co, TKR, Philip D. Fracassa, Executive Compensation, Stock Sale, Insider Trading
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