Form 4: Titan International Executive Acquires Shares, Then Sells to Cover Taxes
SEC Form 4 Filing
Anthony Eheli, VP and Chief Accounting Officer of Titan International, acquired shares of common stock and then disposed of some to cover tax obligations related to vesting restricted stock.
Summary
- Anthony Eheli, VP, Chief Accounting Officer of Titan International, acquired 17,500 shares of common stock on March 10, 2024, at $0 per share.
- Following this acquisition, Eheli directly owned 62,000 shares.
- On the same day, Eheli disposed of 1,953 shares at $12.86 per share to satisfy tax withholding obligations related to the vesting of restricted stock.
- After the disposal, Eheli directly owned 60,047 shares.
- The acquired shares included restricted stock vesting over the next few years.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions, allowing investors to track management's alignment with shareholder interests.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding executive compensation and stock ownership.
Key Dates
| Date | Description |
|---|---|
| 03/10/2024 | Date of stock acquisition and disposal |
| 03/11/2024 | Date of signature |
| 03/14/2024 | Vesting date of 6,667 restricted shares |
| 03/25/2024 | Vesting date of 3,781 restricted shares |
| 03/10/2025 | Vesting date of 12,500 restricted shares |
| 03/14/2025 | Vesting date of 6,666 restricted shares |
| 03/10/2026 | Vesting date of 5,833 restricted shares |
| 03/14/2026 | Vesting date of 6,667 restricted shares |
| 03/10/2027 | Vesting date of 5,834 restricted shares |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.