Form 4: Titan International CEO Paul Reitz Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Paul G. Reitz, CEO of Titan International, sold shares of common stock to cover tax withholding obligations related to the vesting of restricted stock.
Summary
- On March 14, 2024, Paul G. Reitz, the President and CEO of Titan International Inc., disposed of 13,605 shares of common stock to satisfy tax withholding obligations.
- The shares were sold at a price of $12.34 per share.
- Following the transaction, Reitz directly owns 339,225 shares of Titan International, which includes 188,334 shares of restricted stock vesting over the next three years.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (selling shares to cover taxes on vested stock), so the sentiment is neutral.
Industry Context
Executive stock transactions are a normal part of corporate governance, especially concerning equity-based compensation. The sale appears to be routine to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/10/2025 | 53,333 restricted shares vest |
| 03/14/2024 | Date of transaction: Sale of 13,605 shares to cover tax obligations. |
| 03/14/2025 | 30,000 restricted shares vest |
| 03/25/2024 | 21,667 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 |
| 03/18/2024 | Date of signature on the Form 4 filing. |
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