Timken CFO awarded stock and RSU grants
Timken EVP and CFO Michael Anthony Discenza reported equity compensation changes.
Rhea-AI Filing Summary
Timken EVP and CFO Michael Anthony Discenza reported equity compensation changes. On February 12, 2026, he acquired 1,510 shares of common stock at $0 from vesting performance-based restricted share units, while 421 shares were disposed of at $108.74 to cover tax obligations.
He also received new derivative awards: 5,475 time-based restricted share units that vest 25% per year and 8,200 performance-based restricted share units tied to performance between January 1, 2026 and December 31, 2028. Following these transactions, he directly held 17,585 common shares, plus the newly granted RSUs.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Unit | 5,475 | $0.00 | $0.00 |
| Grant/Award | Restricted Share Unit | 8,200 | $0.00 | $0.00 |
| Grant/Award | Common Stock | 1,510 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 421 | $108.74 | $46K |
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 5,475 time-based restricted share units that vest 25% per year.
- F3. Grant of 8,200 performance-based restricted share units subject to certain performance criteria between January 1, 2026 and December 31, 2028.
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