Timken CFO sells shares after option exercise
Timken executive vice president and chief financial officer Michael Anthony Discenza exercised employee stock options and sold shares of common stock.
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Rhea-AI Filing Summary
Timken executive vice president and chief financial officer Michael Anthony Discenza exercised employee stock options and sold shares of common stock. He converted 1,825 stock options into 1,825 common shares at $44.65 per share, then used 293 shares at $109.59 per share to cover tax obligations. He also executed an open-market sale of 1,532 common shares at a weighted average price of $109.59 per share, leaving him with 17,877 directly held Timken shares after these transactions.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 1,825 | $0.00 | $0.00 |
| Exercise | Common Stock | 1,825 | $44.65 | $81K |
| Exercise Price or Tax Liability | Common Stock | 293 | $109.59 | $32K |
| Sale | Common Stock | 1,532 | $109.59 | $168K |
Footnotes (2)
- F1. This transaction was executed in multiple trades at prices ranging from $109.58 to $109.62. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
- F2. 1,825 stock options from 2/12/2018 grant of 5,650 stock options that vested in 25% increments per year from the date of grant.
FAQ
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What did Timken (TKR) CFO Michael Discenza do in this Form 4 filing?
How many Timken (TKR) stock options did the CFO exercise and at what price?
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