Timken (TKR) CEO Lucian Boldea Receives RSUs; Shares Withheld for Taxes

What Happened

• Lucian Boldea, President & CEO and Director of Timken (TKR), had time‑based restricted stock units (RSUs) vest on Sept 1, 2026. Two awards totaling 38,204 shares were recorded as acquired (30,286 and 7,918 shares at $0.00). To satisfy tax withholding, 12,750 shares and 3,333 shares were withheld and disposed at $119.78 per share, generating proceeds (withheld value) of $1,527,195 and $399,227 respectively (total withheld value $1,926,422). Net new shares delivered to Boldea after withholding were approximately 22,121 shares.

Key Details

• Transaction date: Sept 1, 2026; Form 4 filed Sept 3, 2026 (appears timely).
• Awarded (acquired): 30,286 shares and 7,918 shares (both at $0.00; RSU vesting).
• Withheld/disposed for tax: 12,750 shares and 3,333 shares at $119.78 (total ~$1,926,422).
• Net issuance to insider: ~22,121 shares (38,204 vested − 16,083 withheld).
• Footnotes: F1 = vesting of 33% of time‑based RSUs granted Sept 1, 2025 (three‑year vesting); F2 = vesting of 25% of time‑based RSUs granted Sept 1, 2025 (four‑year vesting).
• Shares owned after the transaction: not specified in the provided filing excerpt.

Context

• These entries reflect routine RSU vesting and withholding to cover tax liabilities (cashless settlement), not an open‑market sale. Such withholding is common and does not necessarily indicate a change in the insider’s view of the company.