Martin David A 4

What Happened
David A. Martin, Senior Vice President and Chief Technology Officer of Titan International (TWI), received an award of 40,000 restricted shares on 2026-03-10. Concurrently, 11,206 shares were withheld by the company to satisfy tax withholding obligations; those withheld shares were reported disposed at $8.54 each, totaling about $95,699. The grant is an award (not an open-market purchase).

Key Details

• Transaction date: 2026-03-10 (filed 2026-03-12). Filing appears timely.
• Award (Code A): 40,000 restricted shares acquired at $0.00 (standard for RSUs).
• Tax withholding (Code F): 11,206 shares withheld/disposed at $8.54 each = $95,699.
• Shares owned after transaction: not specified in the Form 4 provided.
• Footnotes: company withheld shares to satisfy tax withholding (F1). Footnote F2 notes 101,667 restricted shares subject to vesting on scheduled dates (16,667 on 3/14/2026; 43,333 on 3/10/2027; 28,333 on 3/10/2028; 13,334 on 3/10/2029).

Context
This was a grant of restricted stock with a routine, share-withholding tax settlement (a cashless method to cover taxes). Such withholding is administrative and does not necessarily indicate personal selling for investment reasons. The only reported monetary figure in the filing is the value of shares withheld for taxes (~$95.7K).