Timken (NYSE: TKR) director gifts 139,000 shares to family trusts
Rhea-AI Filing Summary
TIMKEN CO director Ward J. Timken Jr. reported a series of bona fide gifts of company common stock, made by him and his spouse for estate planning purposes. On March 12–13, 2026, they gifted an aggregate of 139,000 shares at a stated price of $0.00 per share, reflecting non-market transfers.
The gifts include transfers to the spouse, as well as to irrevocable family trusts in which the reporting person or spouse are beneficiaries. After these gifts, Timken still directly holds 266,366 shares, and has additional indirect interests, including 200,000 shares through a family LLC and several trust-related holdings (125,000, 53,000 and 6,000 shares). Footnotes state that beneficial ownership is disclaimed for certain indirect holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 10,000 | $0.00 | $0.00 |
| Gift | Common Stock | 10,000 | $0.00 | $0.00 |
| Gift | Common Stock | 52,000 | $0.00 | $0.00 |
| Gift | Common Stock | 52,000 | $0.00 | $0.00 |
| Gift | Common Stock | 7,500 | $0.00 | $0.00 |
| Gift | Common Stock | 7,500 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (10)
- F1. All transactions described in this report on Form 4 represent gifts by the reporting person and the reporting person's spouse made for estate planning purposes.
- F2. Represents gift of shares (also reported in the subsequent line) to the The Ward J Timken Jr Irrev Trust with the reporting person's spouse as a beneficiary.
- F3. DISCLAIMER: Undersigned disclaims all beneficial ownership.
- F4. By spouse as a beneficiary to the The Ward J Timken Jr Irrev Trust.
- F5. Represents gift of shares to the reporting person's spouse (also reported in the subsequent line).
- F6. Represents gift of shares by the reporting person's spouse (also reported in the subsequent line) to The Jane M Timken Irrev Trust with the reporting person as a beneficiary of that trust.
- F7. By self as beneficiary of the The Jane M Timken Irrev Trust.
- F8. By self as sole manager of the WJ Timken Jr Family, LLC. Members of the LLC include the reporting person, immediate family members and trusts for the benefit of immediate family members.
- F9. By self as Co-Trustee and beneficiary of the Ward J. Timken Trust FBO Ward J. Timken, Jr.
- F10. By self as Co-Trustee of the Ward J. Timken Trust FBO Grandchildren
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