Form 4: Titan International COO Max Narancich Reports Routine Stock Vesting and Tax Withholding

Titan International's COO, Max Narancich, filed a Form 4 detailing the withholding of 1,461 shares of common stock to cover tax obligations related to the vesting of restricted stock, maintaining a beneficial ownership of 51,539 shares.

Summary

• Max Narancich, COO of Carlstar, a division of Titan International Inc. (TWI), filed a Form 4 with the SEC.
• The filing reports a transaction on June 20, 2025, where 1,461 shares of Titan International common stock were withheld by the company.
• This withholding was conducted to satisfy tax obligations incurred in connection with the vesting of restricted stock previously granted to Mr. Narancich.
• The shares withheld were valued at $9.325 per share for the purpose of this transaction.
• Following this reported transaction, Mr. Narancich beneficially owns a total of 51,539 shares of Titan International common stock.
• This beneficial ownership includes 47,000 shares of restricted stock, which are subject to a defined future vesting schedule.

Sentiment

Score: 5

Explanation: The filing reports a routine insider transaction related to the vesting of restricted stock and subsequent tax withholding. It is a standard compliance disclosure and does not indicate any significant positive or negative operational or financial developments for the company.

Positives

• The transaction reflects the vesting of restricted stock, indicating that performance or time-based conditions for the equity grant were met.
• The COO continues to hold a significant number of shares (51,539), which aligns his interests with those of the company's shareholders.

Negatives

• The transaction involved a disposition of shares (withholding for taxes), which reduces the direct share count held by the insider, although this is a standard practice for tax compliance on restricted stock vesting.

Future Outlook

The document outlines the future vesting schedule for 47,000 restricted shares held by Max Narancich, with tranches scheduled to vest on March 10, 2026 (11,666 shares), June 20, 2026 (6,000 shares), March 10, 2027 (11,667 shares), June 20, 2027 (6,000 shares), and March 10, 2028 (11,667 shares).

Industry Context

This Form 4 filing is a routine disclosure of an insider transaction, specifically related to the vesting of equity compensation and subsequent tax withholding. Such filings are common across all publicly traded companies as part of executive compensation plans and regulatory compliance. It does not provide broader industry trends or competitive insights.

Comparison to Industry Standards

• The practice of withholding shares to cover tax obligations upon the vesting of restricted stock is a standard and common method for managing equity compensation in publicly traded companies across various industries.
• There are no specific comparable companies, projects, or results mentioned in this filing to provide a detailed comparison.

Stakeholder Impact

• Shareholders: Minimal direct impact. This is a routine transaction and does not reflect a change in company fundamentals or strategy. It confirms the COO's continued equity alignment.
• Employees: No direct impact mentioned beyond the COO's compensation.
• Customers/Suppliers/Creditors: No direct impact.

Next Steps

• Future vesting of 47,000 restricted shares on scheduled dates: 11,666 on March 10, 2026, 6,000 on June 20, 2026, 11,667 on March 10, 2027, 6,000 on June 20, 2027, and 11,667 on March 10, 2028.

Key Dates

Keywords

Titan International, TWI, SEC Form 4, insider trading, beneficial ownership, restricted stock, stock vesting, tax withholding, corporate officer, Max Narancich