Titan International, Inc. entered into a deferred compensation arrangement with President and Chief Executive Officer Paul G. Reitz on October 13, 2026. The agreement, approved by the Company's Compensation Committee and Board of Directors on October 12, 2026, awards Mr. Reitz deferred compensation in the amount of $2.3 million.
The deferred compensation is subject to vesting and payment terms outlined in the plan. Payments are scheduled to commence in 2030 and will be made in a lump sum or installments, as elected by Mr. Reitz.
In connection with the arrangement, the Company established an irrevocable rabbi trust on October 13, 2026. The Company contributed approximately 332,370 shares of common stock to the trust, valued at approximately $2.3 million based on the average of the high and low trading prices of the stock on the New York Stock Exchange on that date.
Under the terms of the trust agreement, the Company may make additional contributions as required. The assets held in the trust remain subject to the claims of the Company’s general creditors in the event of insolvency. Mr. Reitz does not have a preferred claim on the trust assets, and his rights are unsecured contractual rights against the Company. All voting rights associated with the shares held by the trust are exercised by the trustee.
