Form 4: Titan International CEO Paul Reitz Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Paul Reitz, CEO of Titan International, disposed of 9,826 shares of common stock to cover tax obligations related to vesting restricted stock.
Summary
- On March 25, 2024, Paul G. Reitz, the President and CEO of Titan International Inc., disposed of 9,826 shares of common stock.
- The transaction was executed to satisfy tax withholding obligations related to the vesting of restricted stock.
- The shares were sold at a price of $12.39 per share.
- Following the transaction, Reitz directly owns 329,399 shares of Titan International Inc.
- This total includes 166,667 shares of restricted stock vesting in installments between March 2025 and March 2027.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the transaction appears to be a routine sale to cover tax obligations, with no indication of a change in the executive's long-term outlook for the company.
Industry Context
Insider transactions are routinely monitored by investors as they can provide signals, though in this case the sale appears to be for tax purposes related to stock vesting, a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | 53,333 restricted shares vest |
| 03/14/2025 | 30,000 restricted shares vest |
| 03/10/2026 | 26,667 restricted shares vest |
| 03/14/2026 | 30,000 restricted shares vest |
| 03/10/2027 | 26,667 restricted shares vest |
| 03/25/2024 | CEO sold 9,826 shares at $12.39 |
| 03/26/2024 | Date of signature on the Form 4 filing |
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