Form 4: Timken Co. Executive Christopher Coughlin Reports Stock Transactions
SEC Form 4 Filing
Executive Vice President Christopher A. Coughlin reports acquisition and disposal of Timken Co. stock related to vesting of restricted share units.
Summary
- Christopher A. Coughlin, an Executive Vice President at Timken Co., filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The transactions occurred on February 10, 2025, and involve the acquisition of shares through the vesting of restricted share units and the disposal of shares to cover tax obligations.
- Specifically, 1,788 shares vested from a grant on February 10, 2021, and 456 shares were disposed of at a price of $82.06.
- Additionally, 2,212 shares vested from a grant on February 10, 2022, and 564 shares were disposed of at a price of $82.06.
- Following these transactions, Coughlin directly owns 92,072 shares of Timken Co. common stock.
Sentiment
Score: 6
Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. There is no indication of unusual or concerning activity.
Positives
- The vesting of restricted share units indicates that Coughlin has met certain performance or time-based requirements, which is generally a positive sign.
Industry Context
Form 4 filings are routine disclosures for corporate insiders and provide transparency into their trading activities. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.
Comparison to Industry Standards
- Executive compensation packages often include restricted stock units that vest over time, aligning management's interests with those of shareholders.
- The vesting schedule of 25% per year is a common practice.
- Selling shares to cover tax obligations upon vesting is also a standard practice among executives.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders.
- The filing provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 2020-02-11 | Date of Power of Attorney execution, granting authority to Hansal N. Patel, Christine M. Przybysz and John-Alex Shoaff to sign SEC filings on behalf of Christopher A. Coughlin. |
| 2021-02-10 | Date of original grant of time-based restricted share units, 25% of which vested on 02/10/2025. |
| 2022-02-10 | Date of original grant of time-based restricted share units, 25% of which vested on 02/10/2025. |
| 2025-02-10 | Date of stock transactions: vesting of restricted share units and disposal of shares for tax obligations. |
| 2025-02-12 | Date of signature on the Form 4 filing. |
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