Richard G. Kyle - May 16, 2023 Form 4 Insider Report for TIMKEN CO (TKR)

Role
President and CEO, Director
Signature
/s/ Richard G. Kyle
Stock symbol
TKR
Transactions as of
May 16, 2023
Transactions value $
-$888,604
Form type
4
Date filed
5/17/2023, 05:31 PM
Previous filing
May 11, 2023
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TKR Common Stock Options Exercise $1.21M +28.4K +7.42% $42.60 412K May 16, 2023 Direct
transaction TKR Common Stock Tax liability -$386K -5.19K -1.26% $74.27 406K May 16, 2023 Direct
transaction TKR Common Stock Sale -$1.71M -23.2K -5.72% $73.77 383K May 16, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TKR Employee Stock Option (right to buy) Options Exercise $0 -28.4K -20.53% $0.00 110K May 16, 2023 Common Stock 28.4K $42.60 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This transaction was executed in multiple trades at prices ranging from $73.18 to $74.16. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2 28,425 stock options from 2/12/2019 grant of 138,425 stock options (previously reported) that vested in 25% increments per year from the date of grant.