Form 4: Titan Machinery CFO Robert Larsen Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Robert Larsen, CFO of Titan Machinery Inc., reported the withholding of shares to cover tax obligations upon the vesting of restricted stock on April 1, 2025.
Summary
- On April 1, 2025, Robert Larsen, the Chief Financial Officer of Titan Machinery Inc., had shares withheld by the company to cover withholding taxes due upon the vesting of restricted stock.
- A total of 4,460 shares of common stock were withheld at a price of $16.96 per share.
- Following the transaction, Larsen directly owns 36,672 shares of Titan Machinery Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral as the document simply reports a routine transaction related to tax obligations. It doesn't indicate any positive or negative implications for the company's performance.
Industry Context
Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, such as officers and directors, ensuring fair market practices.
Key Dates
| Date | Description |
|---|---|
| 04/01/2025 | Date of the transaction involving the withholding of shares for tax obligations. |
| 04/03/2025 | Date of the signature on the Form 4 filing. |
Keywords
Form 4, Titan Machinery Inc., Robert Larsen, CFO, Share Withholding, Restricted Stock, Tax Obligations, Beneficial Ownership
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