NARANCICH MAX 4

What Happened Max Narancich, Chief Operating Officer of Titan International (TWI), was granted 35,000 shares of restricted common stock on March 10, 2026 (reported as an award/acquisition, code A). To satisfy tax withholding obligations related to the vesting, 2,841 shares were withheld by the company on the same date at an implied value of $8.54 per share, totaling $24,262 (reported as disposition, code F). The award itself was recorded at $0.00 per share for reporting purposes.

Key Details

• Transaction dates: March 10, 2026 (award and tax withholding); Form 4 filed March 12, 2026.
• Award: 35,000 restricted shares granted (code A).
• Tax withholding: 2,841 shares withheld at $8.54 each, totaling $24,262 (code F).
• Shares owned after transaction: total post-transaction holdings not specified in the report; footnote indicates 70,334 restricted shares are included in holdings.
• Notable footnotes:
  • F1: Shares withheld by the company to satisfy tax withholding on vested restricted stock.
  • F2: The 70,334 restricted shares vest in installments: 6,000 on 6/20/26; 23,333 on 3/10/27; 6,000 on 6/20/27; 23,334 on 3/10/28; and 11,667 on 3/10/29.
• Timeliness: Form filed March 12, 2026 for a March 10 transaction—within the typical 2-business-day SEC reporting window.

Context This was a restricted stock award, not an open-market purchase or a sale. The withholding of 2,841 shares to cover taxes is a routine, administrative cashless-withholding action and does not indicate an active sale by the insider. Restricted awards vest over time per the schedule noted in the filing.