Timken EVP granted stock and RSU awards
Timken executive Hansal N. Patel, EVP, GC and Secretary, reported multiple equity compensation transactions on common stock and restricted share units.
Rhea-AI Filing Summary
Timken executive Hansal N. Patel, EVP, GC and Secretary, reported multiple equity compensation transactions on common stock and restricted share units. Patel acquired 6,110 shares of common stock at $0 from the vesting of performance-based restricted share units after compensation metrics were approved. To cover related tax obligations, 1,851 shares of common stock were disposed of at $108.74 per share, leaving 26,667 common shares held directly. Patel also received grants of 4,025 time-based restricted share units that vest 25% per year and 6,025 performance-based restricted share units tied to performance criteria between January 1, 2026 and December 31, 2028.
Positive
- None.
Negative
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 4,025 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Unit | 6,025 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 6,110 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 1,851 | $108.74 | $201K |
Footnotes (3)
- F1. Represents award of shares pursuant to vesting of performance-based restricted share units granted on February 9, 2023 following approval of performance metrics by the Compensation Committee on February 12, 2026.
- F2. Grant of 4,025 time-based restricted share units that vest 25% per year.
- F3. Grant of 6,025 performance-based restricted share units subject to certain performance criteria between January 1, 2026 and December 31, 2028.
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