Richard G. Kyle - Aug 7, 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
Aug 7, 2023
Transactions value $
-$1,501,950
Form type
4
Date filed
8/8/2023, 05:07 PM
Previous filing
Jul 6, 2023
Next filing
Aug 15, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TKR Common Stock Options Exercise $1.7M +40K +10.44% $42.60 423K Aug 7, 2023 Direct
transaction TKR Common Stock Tax liability -$649K -8.07K -1.91% $80.49 415K Aug 7, 2023 Direct
transaction TKR Common Stock Sale -$2.39M -29.8K -7.19% $80.02 385K Aug 7, 2023 Direct F1
transaction TKR Common Stock Sale -$169K -2.09K -0.54% $80.67 383K Aug 7, 2023 Direct F2

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 -40K -50% $0.00 40K Aug 7, 2023 Common Stock 40K $42.60 Direct F3
* 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 $79.61 to $80.60. 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 This transaction was executed in multiple trades at prices ranging from $80.61 to $80.74. 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.
F3 40,000 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.