Form 4: Titan International SVP & CFO David Martin Reports Stock Transaction
SEC Form 4 Filing
David Martin, SVP & CFO of Titan International, reports the withholding of 7,050 common stock shares to cover tax obligations related to vesting restricted stock on March 14, 2024.
Summary
- On March 14, 2024, David A. Martin, SVP & Chief Financial Officer of Titan International, Inc. [TWI], had 7,050 shares of common stock withheld by the company to satisfy tax obligations related to the vesting of restricted stock.
- The transaction was reported on a Form 4 filing with the SEC.
- Following the transaction, Martin directly owns 234,245 shares of Titan International common stock, which includes 109,999 shares of restricted stock vesting over the next three years.
Sentiment
Score: 5
Explanation: This is a routine filing related to tax obligations on vesting stock, and doesn't indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding related to the vesting of restricted stock.
Key Dates
| Date | Description |
|---|---|
| 03/14/2024 | Date of stock transaction (tax withholding). |
| 03/18/2024 | Date of Form 4 filing. |
| 03/25/2024 | 13,333 restricted shares vest. |
| 03/10/2025 | 33,333 restricted shares vest. |
| 03/14/2025 | 16,666 restricted shares vest. |
| 03/10/2026 | 15,000 restricted shares vest. |
| 03/14/2026 | 16,667 restricted shares vest. |
| 03/10/2027 | 15,000 restricted shares vest. |
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