Form 4: Timken Co. Executive Hansal N. Patel Reports Stock Transactions
SEC Form 4
Hansal N. Patel, EVP, GC and Secretary of Timken Co., reports the vesting and subsequent tax withholding of common stock related to restricted share units.
Summary
- On February 10, 2025, Hansal N. Patel, EVP, GC and Secretary of Timken Co., reported transactions involving Timken Co. common stock.
- These transactions included the vesting of 944 shares and 1,156 shares of time-based restricted share units granted on February 10, 2021 and February 10, 2022 respectively.
- Simultaneously, 287 shares and 351 shares were disposed of at a price of $82.06 for tax withholding purposes.
- Following these transactions, Patel directly owns 23,567 shares of Timken Co. common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to stock transactions, indicating a neutral sentiment.
Industry Context
This Form 4 filing is a routine disclosure related to executive compensation and stock ownership, common among publicly traded companies.
Stakeholder Impact
- The vesting of stock options and restricted stock units can have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 2019-11-07 | Date of Power of Attorney granted to Christine M. Przybysz and John-Alex Shoaff. |
| 2021-02-10 | Date of grant for time-based restricted share units, 25% of which vested on 02/10/2025. |
| 2022-02-10 | Date of grant for 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 for tax withholding. |
| 2025-02-12 | Date of signature for the Form 4 filing. |
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