Form 4: Titan International Director Reports Stock Transactions
Statement of Changes in Beneficial Ownership
Richard M. Cashin Jr., a Director at Titan International Inc., reported transactions involving common stock and stock options.
Summary
- Richard M. Cashin Jr., a Director of Titan International Inc. (TWI), reported the acquisition of 24,725 shares of common stock on June 23, 2026, with no cost indicated (transaction code A, price $0).
- Following this transaction, Mr. Cashin beneficially owns 251,045 shares of common stock directly.
- Additionally, he holds 176,461 shares indirectly through the Richard M. Cashin Jr 2017 GRAT.
- The filing also details previously held stock options: 20,000 options with an exercise price of $11.79, acquired on June 14, 2017, and another 20,000 options with an exercise price of $11.845, acquired on June 13, 2018.
- These options are exercisable and expire in 2027 and 2028, respectively.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it reports routine insider transactions without indicating significant positive or negative strategic shifts or financial performance.
Positives
- Director Richard M. Cashin Jr. acquired a significant number of common shares (24,725) at no cost, indicating a potential grant or award.
- The total direct beneficial ownership of common stock has increased to 251,045 shares.
Future Outlook
The filing does not contain forward-looking statements or guidance.
Industry Context
StockSavvy.ai notes that Form 4 filings are standard disclosures for insider transactions, providing transparency into the holdings and activities of company directors and officers. This filing specifically details a director's acquisition of shares and existing option holdings within Titan International Inc.
Stakeholder Impact
- Shareholders gain insight into the stock transactions of a key insider, potentially influencing their investment decisions.
- The acquisition of shares by a director may be interpreted as a positive signal regarding the company's future prospects.
Key Dates
| Date | Description |
|---|---|
| 06/14/2017 | Acquisition date of 20,000 stock options with an exercise price of $11.79. |
| 06/13/2018 | Acquisition date of 20,000 stock options with an exercise price of $11.845. |
| 06/23/2026 | Transaction date for the acquisition of 24,725 shares of common stock. |
| 06/25/2026 | Date of signature for the Form 4 filing. |
Keywords
Form 4, SEC Filing, Insider Trading, Stock Transaction, Beneficial Ownership, Titan International, Richard M. Cashin Jr., Common Stock, Stock Options, Director
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