Form 4: Timken Ward J Jr. Reports Changes in Beneficial Ownership of Timken Co. Shares

Ward J. Timken Jr., a director of Timken Co., reports the vesting of restricted share units and the grant of new restricted share units, along with details of his beneficial ownership of common stock held directly and indirectly.

Summary

• On May 3, 2025, Ward J. Timken Jr., a director of Timken Co., reported the vesting of 1,660 common stock shares from restricted share units.
• These restricted share units were granted on May 3, 2024, and vested 100% on the reported date.
• Additionally, on May 2, 2025, Timken was granted 2,270 restricted share units that will vest 100% one year from the grant date.
• Following these transactions, Timken directly owns 325,866 shares of common stock.
• He also has indirect ownership through various entities and trusts, including 200,000 shares through WJ Timken Jr Family, LLC, 2,810 shares held by his spouse, 6,000 shares as Co-Trustee, 53,000 shares as Co-Trustee and beneficiary, and 125,000 shares as Co-Trustee.
• Timken disclaims beneficial ownership of shares held by his spouse and in certain trusts.

Sentiment

Score: 6

Explanation: The document is a routine disclosure of insider transactions. It doesn't contain information that would significantly impact investor sentiment positively or negatively. The vesting and granting of restricted share units are standard compensation practices.

Positives

• The vesting of restricted share units indicates that performance or time-based conditions have been met.
• The grant of additional restricted share units aligns the director's interests with those of the shareholders.

Future Outlook

The granted restricted share units will vest 100% one year from the date of grant (May 2, 2025), indicating future potential ownership changes.

Management Comments

• Undersigned disclaims all beneficial ownership of certain shares.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units to align management's interests with shareholder value, a common practice among publicly traded companies like Timken Co.
• Similar to other companies such as Caterpillar or General Electric, Timken uses equity-based compensation to incentivize its executives.

Stakeholder Impact

• The vesting and granting of restricted share units can impact shareholder value by aligning management's interests with those of the shareholders.

Key Dates

Keywords

beneficial ownership, Timken Co, Ward J. Timken Jr., restricted share units, Form 4, director, TKR, common stock, vesting, grant