Patel Hansal N. 4
Research Summary
AI-generated summary
Timken (TKR) EVP Hansal N. Patel Receives Award, Withholds 323 Shares
What Happened Hansal N. Patel, Executive Vice President, General Counsel and Secretary of Timken Co. (TKR), received 1,081 shares on February 9, 2026 as the vesting of performance-based restricted share units (award, code A) at $0.00 cost. To satisfy tax withholding on the vesting, 323 shares were withheld/disposed (code F) at $107.40 per share, valued at $34,690. The Form 4 was filed on February 11, 2026.
Key Details
- Transaction dates: February 9, 2026 (award and withholding); Form 4 filed February 11, 2026.
- Award: 1,081 shares @ $0.00 (vested performance-based RSUs).
- Withholding for taxes: 323 shares @ $107.40 = $34,690 (disposed to cover tax liability).
- Footnote: Award represents vesting of performance-based RSUs granted on February 9, 2023 (per filing).
- Shares owned after the transaction: not disclosed in the information provided.
- Filing timing: filed two days after the transaction (appears timely under normal SEC two-business-day rule).
Context This was a compensation vesting event (not an open-market purchase or directional sale). The withholding of 323 shares to cover taxes is a routine administrative step (not necessarily a market sale) and common when restricted stock/RSUs vest. The award shares were granted at no cash cost to the insider; the withheld shares satisfy tax obligations.