Lanzarotta Megan Renee 4
Research Summary
AI-generated summary
Timken (TKR) Corporate Controller Megan Lanzarotta Receives Award
What Happened
- Megan Renee Lanzarotta, Corporate Controller & CAO of Timken Co (TKR), had 152 restricted share units (RSUs) vest on Feb 13, 2026 (code A — award/acquisition).
- To cover tax liabilities, 52 of those shares were surrendered (code F — tax withholding) at $107.15 per share, yielding $5,572 in proceeds. The RSUs were recorded at $0.00 acquisition price; net new shares retained by the insider = 100 (152 vested − 52 withheld).
Key Details
- Transaction date: 2026-02-13; Filing date: 2026-02-18 (appears timely given weekend/holiday timing).
- Award: 152 RSUs acquired at $0.00 (code A).
- Tax withholding/disposal: 52 shares disposed at $107.15 each; total $5,572 (code F).
- Net shares added to insider’s position from this vesting event: 100 shares.
- Footnote F1: Vesting represents 25% of the time‑based RSUs granted on Feb 13, 2025.
- Shares owned after transaction: Not specified in the information provided.
Context
- This was a routine RSU vesting event and a standard tax‑withholding disposal, not an open‑market sale or purchase. Such withholdings are common when equity compensation vests and do not necessarily indicate a change in the insider’s view of the company.