[Form 4] Triumph Group, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Insider Walter Bettinger has filed Form 144 for The Charles Schwab Corp. (SCHW), signaling an intent to sell up to 173,876 common shares through Charles Schwab & Co. on or about 29 Jul 2025. At the stated reference price, the proposed sale is valued at roughly $17.2 million, equal to ≈0.01 % of the company’s 1.82 billion shares outstanding.

The filing also notes that Bettinger sold 191,523 shares on 19 May 2025, generating $17.0 million in gross proceeds. The shares being offered were obtained via vesting of performance-based RSUs on 2 Mar 2023. By signing, the filer attests to having no undisclosed material adverse information about the company.

Positive

• None.

Negative

• Key executive selling $17 m in stock may be viewed as a bearish signal on near-term outlook
• Consecutive insider disposals total ~$34 m within three months, potentially amplifying negative sentiment

Insights

Corporate Governance Expert

TL;DR: CEO-level insider plans ~$17 m sale after prior $17 m sale; modest size vs. float but signals profit-taking.

Bettinger’s planned disposition of 173,876 shares, following a recent 191,523-share sale, may raise modest governance concerns. While the aggregate ~365 k shares is immaterial relative to SCHW’s 1.8 bn share count, consecutive sales within three months can be interpreted as profit-taking or diversification. Because the shares stem from PBRSU vesting, dilution impact is already reflected; however, investors often view insider selling—especially by a key executive—as a negative sentiment indicator. The filing does not alter fundamentals but may weigh on short-term sentiment.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

ALLEN PATRICK E

(Last) (First) (Middle)

555 E. LANCASTER AVENUE

SUITE 400

(Street)

RADNOR PA 19087

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
TRIUMPH GROUP INC [ TGI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
07/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	07/24/2025		D(1)		22,178(2)	D	(1)(2)	0	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. On July 24, 2025, pursuant to the Agreement and Plan of Merger dated February 2, 2025 (the "Merger Agreement") among the Issuer, Titan BW Acquisition Holdco Inc., a Delaware corporation ("Parent"), and Titan BW Acquisition Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of Parent ("Merger Sub"), Merger sub merged with and into the Issuer, with the Issuer surviving as a wholly owned subsidiary of Parent (the "Merger"). At the effective time of the Merger (the "Effective Time"), each share of common stock, par value $0.001 per share, of the Issuer ("Common Stock") issued and outstanding immediately prior to the Effective Time was cancelled and converted into the right to receive $26.00 in cash, without interest (the "Merger Consideration").

2. Includes 10,324 restricted stock units ("RSUs"), each unit representing the contingent right to receive one share of Common Stock. Pursuant to the Merger Agreement, as of the Effective Time, these RSUs were cancelled and exchanged for an amount in cash, less applicable tax withholdings, equal to the product of (i) the total number of shares of Common Stock subject to the RSUs multiplied by (ii) the Merger Consideration.

	Jennifer H. Allen, POA for Mr. Patrick E. Allen	07/29/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What does Charles Schwab's (SCHW) latest Form 144 disclose?

It reveals CEO Walter Bettinger’s intent to sell 173,876 shares valued at about $17.2 m around 29 Jul 2025.

How many SCHW shares has Walter Bettinger recently sold?

The filing shows a prior sale of 191,523 shares on 19 May 2025 and plans for an additional 173,876 shares.

What percentage of Schwab’s outstanding shares does the planned sale represent?

Approximately 0.01 % of the 1.82 billion shares outstanding.

How were the shares to be sold acquired?

They vested from performance-based RSUs on 2 Mar 2023.

Does the filer claim to possess undisclosed adverse information?

No. The signer affirms there is no undisclosed material adverse information about SCHW.