Timken CTO discloses share and RSU holdings
Timken Company’s Chief Technology Officer, John Raymond Szarka, has filed an initial Form 3 reporting his equity holdings.
Rhea-AI Filing Summary
Timken Company’s Chief Technology Officer, John Raymond Szarka, has filed an initial Form 3 reporting his equity holdings. As of the event date, he beneficially owns 2,444 shares of Timken common stock held directly. He also holds multiple restricted share unit (RSU) awards that can settle in common stock at no exercise price, including 920, 1,725 and 1,750 performance-based RSUs tied to performance criteria over periods running from January 1, 2023 through December 31, 2027. Additional time-based RSU grants covering 168, 305, 863 and 1,175 shares vest 25% per year, with expiration dates ranging from February 10, 2026 through February 13, 2029.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Restricted Share Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (7)
- F1. Performance based restricted share units subject to certain performance criteria between January 1, 2023 and December 31, 2025.
- F2. Performance based restricted share units subject to certain performance criteria between January 1, 2024 and December 31, 2026.
- F3. Performance based restricted share units subject to certain performance criteria between January 1, 2025 and December 31, 2027.
- F4. Remaining restricted share units from February 10, 2022 grant of time based restrictive share units that vest 25% per year.
- F5. Remaining restricted share units from February 9, 2023 grant of time based restrictive share units that vest 25% per year.
- F6. Remaining restricted share units from February 8, 2024 grant of time based restrictive share units that vest 25% per year.
- F7. Remaining restricted share units from February 13, 2025 grant of time based restrictive share units that vest 25% per year.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does Timken (TKR) disclose in this Form 3 filing?
What are the performance periods for Timken (TKR) performance-based RSUs?
How do the time-based RSUs for Timken (TKR) vest?
When do the Timken (TKR) RSU awards reported in the Form 3 expire?
AI-generated analysis. How Rhea-AI works. Not financial advice.