Titan Machinery (NASDAQ: TITN) chair receives 3,353-share stock award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Meyer David Joseph reported acquisition or exercise transactions in this Form 4 filing.
Titan Machinery Inc. chairman David Joseph Meyer received a grant of 3,353 shares of Common Stock as a share-based award at no cash cost. After this grant, he directly holds 147,552 shares. He also has indirect ownership of 1,805,000 shares through the Meyer Family Investment Limited Partnership.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Meyer David Joseph
Role
Chairman
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,353 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 147,552 shares (Direct, null);
Common Stock — 1,805,000 shares (Indirect, By the Meyer Family Investment LLLP)
Footnotes (1)
- [object Object]
Key Figures
Stock grant: 3,353 shares
Grant price: $0.0000 per share
Direct holdings after grant: 147,552 shares
+1 more
4 metrics
Stock grant
3,353 shares
Common Stock award to chairman David Joseph Meyer
Grant price
$0.0000 per share
Price per share for the 3,353-share award
Direct holdings after grant
147,552 shares
Common Stock directly owned by Meyer following the award
Indirect partnership holdings
1,805,000 shares
Common Stock held via Meyer Family Investment Limited Partnership
Key Terms
Grant, award, or other acquisition, Common Stock, indirect ownership, Limited Partnership, +1 more
5 terms
Grant, award, or other acquisition financial
"transaction_code_description": "Grant, award, or other acquisition"
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
indirect ownership financial
""ownership_type": "indirect""
Limited Partnership financial
"Meyer Family Investment Limited Partnership, a limited partnership"
A limited partnership is a legal business structure with two types of partners: at least one general partner who runs the business and bears full legal responsibility, and one or more limited partners who contribute money, share profits, and have liability capped at their investment. For investors, it matters because it separates control from financial exposure — like putting money into a store without managing it — and affects how returns, risks, taxes and transferability of ownership are handled.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Titan Machinery (TITN) report for David Joseph Meyer?
Titan Machinery reported that chairman David Joseph Meyer received a grant of 3,353 shares of Common Stock. This was classified as a share-based award, not an open-market purchase, and increased his directly owned stake in the company.
Was the Titan Machinery (TITN) Form 4 transaction an open-market buy or a grant?
The Form 4 shows a grant of 3,353 Titan Machinery Common Stock shares, coded as an award (code A). The price per share is listed as $0.0000, indicating a compensation-related grant rather than an open-market purchase for cash.
What is the significance of the Meyer Family Investment Limited Partnership in the TITN filing?
The Meyer Family Investment Limited Partnership holds 1,805,000 Titan Machinery shares indirectly for David Joseph Meyer. He and his spouse are general partners, while certain family trusts are limited partners, consolidating a large family-related ownership position in the company.