Titan International, Inc: awards $2,300,000 deferred compensation to CEO

What happened

• The filing reports that on Oct 13, 2026 Titan International, Inc entered into a deferred compensation arrangement (the "Plan") with Paul G. Reitz, the Company’s President and Chief Executive Officer, awarding deferred compensation in the amount of $2,300,000, subject to the vesting and payment terms of the Plan.
• The Compensation Committee and the Board approved the Plan and Trust Agreement on Oct 12, 2026, and the Company established an irrevocable rabbi trust under a Trust Agreement dated Oct 13, 2026 to assist in funding the Plan.

Key details

• Deferred Compensation Amount: $2,300,000; payment will not commence until 2030 and thereafter may be made in a lump sum or installments as elected by Mr. Reitz.
• Initial contribution to the Trust: approximately 332,370 shares of the Company’s common stock, valued at approximately $2,300,000 based on the average of the high and low trading prices on the NYSE on Oct 13, 2026.
• Trust and Plan terms: Trust assets remain subject to the claims of the Company’s general creditors in the event of insolvency; Mr. Reitz has no preferred claim or beneficial ownership interest in Trust assets; voting rights for the shares held by the Trust will be exercised by the Trustee; the Company may elect to pay benefits directly rather than through the Trust.
• If Trust assets are insufficient to satisfy amounts due under the Plan, the Company remains obligated to pay the balance; the Trust will terminate when Mr. Reitz and his beneficiaries are no longer entitled to benefits, and remaining assets will revert to the Company.

Why it may matter

• The filing is Item 5.02 and reports a compensatory arrangement for a named executive officer and the related establishment of a funding trust. A filing does not show why the insider traded or why the company acted.