Roellgen Karl Andreas 4
Research Summary
AI-generated summary
Timken (TKR) EVP Karl Roellgen Receives Restricted Share Awards
What Happened
- Karl Andreas Roellgen, EVP & President, Engineered Bearings at Timken Co. (TKR), reported two award/acquisition events in which he received a total of 2,732 shares: 1,488 shares on 2026-02-08 and 1,244 shares on 2026-02-09. Both transactions show an acquisition price of $0.00, indicating these were vesting events for restricted share units (RSUs), not open-market purchases.
Key Details
- Transaction dates and amounts:
- 2026-02-08: Acquired 1,488 shares at $0.00 (vesting) — footnote F1 applies.
- 2026-02-09: Acquired 1,244 shares at $0.00 (vesting) — footnote F3 applies.
- Total shares acquired: 2,732 shares; reported acquisition value shown as $0 (vested awards).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Relevant footnotes:
- F1: Vesting of 25% of time-based RSUs granted on February 8, 2024 (applies to 2026-02-08 vesting).
- F3: Vesting of 25% of time-based RSUs granted on February 9, 2023 (applies to 2026-02-09 vesting).
- F2: Notes inclusion of 1,329 shares earned via dividend reinvestment in 2025 (relates to share totals reported elsewhere).
- Filing/timeliness: Form 4 was filed on 2026-02-10 for transactions on 2026-02-08 and 2026-02-09; this appears to be a timely filing (no late filing flag indicated).
Context
- These were award/vesting events (code A) for time-based RSUs — the insider received shares that vested and did not pay cash to acquire them. Such vesting events are routine compensation-related transactions and do not necessarily indicate a buy/sell view of the stock.
- No option exercises, cashless sales, gifts, or 10b5-1 plans were reported in the provided data.