Director at Titan International (NYSE: TWI) granted 24,725 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Titan International director Maurice M. Taylor Jr. reported receiving a grant of 24,725 shares of common stock as a compensation award, at a stated price of $0.00 per share. These are restricted stock units that vest on the first anniversary of the grant date.
After this award, he directly holds 677,356 shares of common stock. He also holds stock options over 20,000 underlying shares at an exercise price of $11.845, expiring on June 13, 2028, and options over 29,200 underlying shares at an exercise price of $11.79, expiring on June 14, 2027.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
TAYLOR MAURICE M JR
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common stock | 24,725 | $0.00 | -- |
| holding | Stock options | -- | -- | -- |
| holding | Stock options | -- | -- | -- |
Holdings After Transaction:
Common stock — 677,356 shares (Direct, null);
Stock options — 29,200 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Share grant: 24,725 shares
Shares held after transaction: 677,356 shares
Option exercise price: $11.845 per share
+2 more
5 metrics
Share grant
24,725 shares
Common stock grant recorded at $0.00 per share
Shares held after transaction
677,356 shares
Direct common stock holdings following grant
Option exercise price
$11.845 per share
Stock options expiring June 13, 2028, on 20,000 underlying shares
Option exercise price
$11.79 per share
Stock options expiring June 14, 2027, on 29,200 underlying shares
RSU vesting schedule
1-year vesting
Restricted Stock Units vest on first anniversary of grant date
Key Terms
Restricted Stock Units, stock options, grant, award, or other acquisition
3 terms
Restricted Stock Units financial
"Represents Restricted Stock Units which vest on the first anniversary"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
stock options financial
"Stock options over 20,000 and 29,200 underlying shares remain outstanding"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
grant, award, or other acquisition financial
"Code A indicates a grant, award, or other acquisition of shares"
FAQ
What insider transaction did Titan International (TWI) report for Maurice M. Taylor Jr.?
Titan International reported that director Maurice M. Taylor Jr. received a grant of 24,725 shares of common stock. The award was recorded at $0.00 per share and structured as restricted stock units vesting one year after the grant date.
Is the Titan International (TWI) Form 4 transaction an open-market purchase or a grant?
The Form 4 for Titan International shows a grant or award, not an open-market purchase. Code A identifies the 24,725-share transaction as a compensation-related acquisition through restricted stock units rather than a cash-funded buy on the open market.
What are the key terms of Maurice M. Taylor Jr.’s Titan International (TWI) stock options?
Maurice M. Taylor Jr. holds stock options tied to 20,000 shares at an $11.845 exercise price expiring June 13, 2028, and options tied to 29,200 shares at an $11.79 exercise price expiring June 14, 2027, all relating to Titan International common stock.
When do the new Titan International (TWI) restricted stock units for Maurice M. Taylor Jr. vest?
The restricted stock units granted to Maurice M. Taylor Jr. vest on the first anniversary of the grant date. This means the 24,725-share award becomes fully vested one year after the date recorded in the Form 4 transaction.