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NYSE: TWI TITAN INTERNATIONAL INC 8-K

Titan International awards CEO Paul Reitz $2.3M deferred compensation funded by ~332,370 shares in rabbi trust

Filed October 16, 2026 · Period ending October 13, 2026 · ~1 min read

3 key changes 1 section

Key Changes

  • medium

    CEO Paul Reitz received a $2.3 million deferred compensation award under a new Plan approved October 12, 2026; payment begins in 2030 as lump sum or installments.

  • medium

    Company will fund the award by contributing ~332,370 shares of common stock (valued ~$2.3M) to an irrevocable rabbi trust.

  • low

    Trustee, not Reitz, exercises all rights including voting on contributed shares; trust assets remain subject to creditor claims in insolvency.

Summary

Titan International's board approved a $2.3 million deferred compensation award for CEO Paul Reitz, funded by contributing approximately 332,370 shares of company stock to a rabbi trust. The award vests and pays out starting in 2030, with Reitz choosing lump sum or installments. The trust is irrevocable but its assets remain subject to claims of the company's general creditors in insolvency, and Reitz holds only unsecured contractual rights.

Voting rights on the contributed shares are exercised by the trustee, not Reitz. This is a routine executive compensation arrangement with no immediate red flags.

Section-by-Section Diff

Event · Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation

~600 words

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Compensation filed; see Key Changes for terms.

1 Added
Show 1 minor / wording change
Added Trust governance and termination low

Added in current filing · verify on EDGAR →

All rights associated with Trust assets, including voting rights with respect to the shares of the Company’s common stock held by the Trust, will be exercised by the Trustee and may not be exercised by Mr. Reitz.

The Trustee, not Mr. Reitz, will exercise all rights associated with the trust assets, including voting rights on the contributed shares. The trust terminates when Mr. Reitz and his beneficiaries are no longer entitled to benefits, at which point any remaining assets revert to the Company.

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Figures/quotes linked to EDGAR · Narrative written by AI · Oct 19, 2026 · How we verify