MAPES CHRISTOPHER L 4
Research Summary
AI-generated summary
Timken (TKR) Director Christopher Mapes Receives RSU Award
What Happened
Christopher L. Mapes, a director of Timken Co. (TKR), received a grant of 1,280 restricted share units (RSUs) on 2026-05-08. The Form 4 reports the award as a derivative acquisition at $0.00 (no cash was paid at grant). The filing lists the transaction date as May 8, 2026, and was filed with the SEC on May 12, 2026.
Key Details
- Transaction type: Grant/Award (code A) of 1,280 restricted share units (derivative).
- Transaction date: 2026-05-08; Form 4 filed: 2026-05-12 (appears timely).
- Reported price: $0.00 per unit; reported total value on Form 4: $0 (value at vesting will depend on TKR share price).
- Vesting: Footnote F1 — RSUs vest 100% one year from the grant date (i.e., expected vest date 2027-05-08).
- Shares owned after transaction: Not specified in the filing.
- No 10b5-1 plan, tax withholding, sale, or purchase was reported in this transaction.
Context
RSU grants are compensation awards that convert to actual shares (or cash) if and when they vest; they do not require an immediate cash outlay by the insider and are not a purchase signal. Because this is an award that vests in the future, its ultimate value will track Timken’s stock price at vesting.