Lanzarotta Megan Renee 4
Research Summary
AI-generated summary
Timken (TKR) Controller Megan Lanzarotta Receives Award
What Happened
Megan R. Lanzarotta, Timken’s Corporate Controller & CAO, received 53 restricted stock units (RSUs) that vested on February 10, 2026 (reported as an award). To cover tax withholding, 18 of those shares were disposed of at $109.23 each, generating approximately $1,966 in withheld taxes. The award line shows an acquisition of 53 shares at $0.00, reflecting vested RSUs rather than a cash purchase.
Key Details
- Transaction date: February 10, 2026. Filing date: February 12, 2026 (appears timely).
- Award (code A): 53 shares @ $0.00 (vesting of RSUs).
- Tax withholding (code F): 18 shares disposed @ $109.23 = ~$1,966 withheld.
- Footnote: Vesting represents 25% of time‑based RSUs granted on February 10, 2022.
- Shares owned after the transactions: not reported in the filing.
Context
This was a routine vesting event (time‑based RSUs) with a portion of shares withheld to satisfy tax obligations — common practice and not an open‑market purchase or signal of a trade decision. For retail investors, such vesting and withholding are typically administrative and do not necessarily indicate insider buying or selling intent.