CEO Paul Reitz was paid $2,446,411 in fiscal year 2025, ↓ down 10.9% from fiscal year 2024, the 1st percentile of its disclosed peer group (SEC filing 0000899751-26-000033 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.
$2,446,411 ↓ Paul Reitz total, FY2025 | 1st CEO pay percentile vs peers | 69:1 CEO-to-median pay ratio | 98.11% Say-on-pay support, latest vote |
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TWI's next annual pay disclosure, estimated May 5, 2027.est. Filing ↗
| Named executive officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension / NQDC | All other | Total |
|---|---|---|---|---|---|---|---|---|
| Paul Reitz | $976,981 | $725,000 | $709,600 | $0 | $0 | $0 | $34,830 | $2,446,411 |
| President and Chief Executive Officer | ||||||||
| David Martin | 433,988 | 325,000 | 399,150 | 0 | 0 | 0 | 10,315 | 1,168,453 |
| SVP and Chief Transformation Officer | ||||||||
| Max Narancich | 395,538 | 285,000 | 310,450 | 0 | 0 | 0 | 14,000 | 1,004,988 |
| Chief Operating Officer, Titan Specialty | ||||||||
| Anthony Eheli | 311,833 | 100,000 | 221,750 | 0 | 0 | 0 | 9,341 | 642,924 |
| SVP and Chief Financial Officer | ||||||||
A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.
| Named executive officer | FY2025 total | FY2024 total | FY2023 total | Δ FY2024→2025 |
|---|---|---|---|---|
| Paul Reitz | $2,446,411 | $2,746,993 | $3,205,216 | ↓ −300,582 |
| David Martin | 1,168,453 | 1,365,300 | 1,550,613 | ↓ −196,847 |
| Max Narancich | 1,004,988 | 742,159 | — | ↑ +262,829 |
| Anthony Eheli | 642,924 | 639,225 | 688,542 | ↑ +3,699 |
Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.
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Each company listed discloses TWI in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named TWI in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.
One page per director: the seat, the committees and the fee table, read for one person at a time.
| Director | Role | FY2025 total |
|---|---|---|
| Anthony L. Soave | Independent Director | $180,000 |
| Kim A. Marvin | Former director (through FY2025) | — |
| Laura K. Thompson | Independent Director | $187,500 |
| Mark H. Rachesky, MD | Director | $180,000 |
| Maurice M. Taylor Jr | Chair of the Board | $270,000 |
| Max A. Guinn | Independent Director | $210,000 |
| Richard M. Cashin Jr | Independent Director | $247,234 |
No insider equity transactions reported since the proxy statement.
| Executive | Award | Grant date | Threshold | Target | Granted | Maximum | Grant-date fair value |
|---|---|---|---|---|---|---|---|
| David Martin | RSU | 2025-03-10 | — | — | 45,000 | — | $399,150 |
| Anthony Eheli | RSU | 2025-03-10 | — | — | 25,000 | — | 221,750 |
| Paul Reitz | RSU | 2025-03-10 | — | — | 80,000 | — | 709,600 |
| Max Narancich | RSU | 2025-03-10 | — | — | 35,000 | — | 310,450 |
| Named executive officer | Time-vested (RSU) | Performance-vested (PSU) | Options / SARs | % performance-vested |
|---|---|---|---|---|
| David Martin | $399,150 | $0 | $0 | 0.0% |
| Anthony Eheli | 221,750 | 0 | 0 | 0.0% |
| Paul Reitz | 709,600 | 0 | 0 | 0.0% |
| Max Narancich | 310,450 | 0 | 0 | 0.0% |
% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.
| Executive | Award | Shares unvested | Exercise price | Market value unvested |
|---|---|---|---|---|
| Paul Reitz | PSU | 163,334 | — | $1,278,905 |
| David Martin | PSU | 91,667 | — | 717,753 |
| Max Narancich | PSU | 47,000 | — | 368,010 |
| Anthony Eheli | PSU | 43,334 | — | 339,305 |
The objectives of the Company's compensation program are to attract and retain individuals with the necessary skills that are vital to the long-term success of Titan. The compensation program is designed to be fair and just to both the Company and the individual. The overall goal of the Company's compensation policy is to maximize stockholder value by attracting, retaining and motivating the executive officers that are critical to the long-term success of the Company.
| CEO STI target (% of salary) | — |
|---|---|
| CEO LTI target (% of salary) | — |
| Independent consultant | Pay Governance |
| Clawback policy | true |
| Anti-hedging | — |
| Anti-pledging | — |
| Meeting year | Meeting date | For | Against | Abstain | Support | Outcome |
|---|---|---|---|---|---|---|
| 2026 | 2026-06-18 | 45,170,750 | 869,022 | 245,593 | 98.11% | Passed |
| 2025 | 2025-06-11 | 45,584,678 | 4,222,766 | 50,882 | 91.52% | Passed |
| 2024 | 2024-06-13 | 43,057,471 | 17,509,852 | 224,745 | 71.09% | Passed |
| 2023 | 2023-06-08 | 22,817,147 | 26,139,549 | 69,052 | 46.61% | Failed |
Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.
| Meeting year | Meeting date | Approval — company's computation |
|---|---|---|
| 2026 | 2026-06-18 | 98.11%a |
| 2025 | 2025-06-11 | 91.52%b |
| 2024 | 2024-06-13 | 71.09%c |
a. Voting standard not stated in the filing.
b. Voting standard not stated in the filing.
c. Voting standard not stated in the filing.
Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.
| Ratio (CEO : median employee) | 69 : 1 |
|---|---|
| CEO total compensation | $2,446,411 |
| Median employee compensation | $35,633 |
| Director | Cash fees | Stock awards | Option awards | Non-equity incentive | All other | Total |
|---|---|---|---|---|---|---|
| Maurice M. Taylor JrNot independent · Board Chair · Board of Directors | $90,000 | $180,000 | — | — | $0 | $270,000 |
| Richard M. Cashin JrIndependent · Board of Directors · Audit (Chair) · Compensation (Chair) · Nominating · Corporate Governance | 37,500 | 180,000 | — | — | 29,734 | 247,234 |
| Max A. GuinnIndependent · Board of Directors · Audit · Compensation · Nominating · Corporate Governance | 30,000 | 180,000 | — | — | 0 | 210,000 |
| Laura K. ThompsonIndependent · Board of Directors · Audit · Nominating · Corporate Governance | 97,500 | 90,000 | — | — | 0 | 187,500 |
| Anthony L. SoaveIndependent · Board of Directors · Compensation · Nominating · Corporate Governance | 0 | 180,000 | — | — | 0 | 180,000 |
| Mark H. Rachesky, MDNot independent · Board of Directors · Compensation · Nominating · Corporate Governance | 90,000 | 90,000 | — | — | 0 | 180,000 |
| Paul G. ReitzEmployee director · Board of Directors | — | — | — | — | — | 0 |
| Kim A. MarvinNot independent · Board of Directors · Audit · Compensation · Nominating · Corporate Governance · Departed during FY | 0 | 0 | — | — | 0 | 0 |
| Annual cash retainer | $90,000 |
|---|---|
| Annual equity retainer | $90,000 |
| Per board meeting fee | — |
| Committee chair fees (audit / comp / nom-gov) | 22,500 / 15,000 / 15,000 |
| Stock ownership guideline | $5 |
| Component | FY2025 |
|---|---|
| Cash retainers and fees | $345,000 |
| Equity awards (grant-date value) | $900,000 |
| All other compensation | $29,734 |
| Total cost of the board | $1,274,734 |
Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.
The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.
Of the companies Titan International names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.
Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Titan International.
Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.
| Rank | Company | FY | Chief executive | Salary | Stock awards | Option awards | Non-equity incentive | Total |
|---|---|---|---|---|---|---|---|---|
| 1 | Applied Industrial Technologies, Inc. | 2026 | Neil Schrimsher | $1,025,000 | $3,718,060 | $1,387,972 | $1,334,345 | $7,699,136 |
| 2 | Chart Industries, Inc. | 2024 | Jillian Evanko | 1,100,000 | 4,378,424 | 1,573,870 | 565,785 | 7,687,879 |
| 3 | EnPro Industries, Inc. | 2025 | Eric Vaillancourt | 934,616 | 3,678,231 | 1,390,716 | 1,341,949 | 7,457,747 |
| 4 | Materion Corporation | 2025 | Jugal Vijayvargiya | 982,693 | 2,960,100 | 779,921 | 0 | 4,794,902 |
| 5 | DXP Enterprises, Inc. | 2025 | David Little | 808,500 | 1,856,223 | — | 1,617,000 | 4,594,369 |
| 6 | Alamo Group, Inc. | 2025 | Robert Hureau | 296,250 | 3,544,080 | 0 | 451,250 | 4,526,676 |
| 7 | Titan International | 2025 | Paul Reitz | 976,981 | 709,600 | 0 | 0 | 2,446,411 |
Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.
| Company | Annual incentive payout | Long-term vehicle mix | PSU measures include TSR | Compensation consultant |
|---|---|---|---|---|
| Titan International | not disclosed | RSU 100 | not disclosed | Pay Governance |
| Alamo Group, Inc. | not disclosed | not disclosed | not disclosed | Pay Governance, LLC |
| Applied Industrial Technologies, Inc. | not disclosed | PSU 50 · Options 25 · RSU 25 | No | Pay Governance |
| Chart Industries, Inc. | 38.1% | not disclosed | No | Pay Governance |
| DXP Enterprises, Inc. | not disclosed | PRSU 100 | not disclosed | NFP Compensation Consulting |
| EnPro Industries, Inc. | 130.5% | RSU 40 · PSU 30 · Options 30 | Yes — rTSR | Pearl Meyer & Partners, LLC |
| Materion Corporation | not disclosed | PSU 75 | No | Frederic W. Cook & Co., Inc. |
Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.
Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.
Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.
| # | Supports | Document | Filed | Accession | Location in document |
|---|---|---|---|---|---|
| 1 | Section 01, Paul Reitz | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Executive Compensation”. As printed: 2,446,411. Filing ↗machine: r2 · c30 · span 450247–450256 |
| 2 | Section 01, David Martin | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Executive Compensation”. As printed: 1,168,453. Filing ↗machine: r8 · c30 · span 464986–464995 |
| 3 | Section 01, Max Narancich | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Executive Compensation”. As printed: 1,004,988. Filing ↗machine: r11 · c30 · span 472411–472420 |
| 4 | Section 01, Anthony Eheli | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Executive Compensation”. As printed: 642,924. Filing ↗machine: r5 · c30 · span 457681–457688 |
| 5 | Section 03, David Martin RSU | DEF 14A | 1900-01-01 | 0000899751-26-000033 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 6 | Section 03, Anthony Eheli RSU | DEF 14A | 1900-01-01 | 0000899751-26-000033 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 7 | Section 03, Paul Reitz RSU | DEF 14A | 1900-01-01 | 0000899751-26-000033 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 8 | Section 03, Max Narancich RSU | DEF 14A | 1900-01-01 | 0000899751-26-000033 | Section “Executive Compensation” · grants of plan-based awards table. Filing ↗ |
| 9 | Section 07, pay ratio | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “CEO Pay Ratio”. As printed: 69 : 1. Filing ↗ |
| 10 | Section 08, Maurice M. Taylor Jr | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Director Compensation”. As printed: 270,000. Filing ↗machine: span 275726–276091 |
| 11 | Section 08, Richard M. Cashin Jr | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Director Compensation”. As printed: 247,234. Filing ↗machine: span 265565–265698 |
| 12 | Section 08, Max A. Guinn | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Director Compensation”. As printed: 210,000. Filing ↗machine: span 267407–267772 |
| 13 | Section 08, Laura K. Thompson | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Director Compensation”. As printed: 187,500. Filing ↗machine: span 278027–278456 |
| 14 | Section 08, Anthony L. Soave | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 273644–274009 |
| 15 | Section 08, Mark H. Rachesky, MD | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Director Compensation”. As printed: 180,000. Filing ↗machine: span 271566–271931 |
| 16 | Section 08, Paul G. Reitz | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 17 | Section 08, Kim A. Marvin | DEF 14A | 2026-04-29 | 0000899751-26-000033 | Section “Director Compensation”. As printed: 0. Filing ↗ |
| 18 | Section 06, 2026 vote | Form 8-K | 2026-06-22 | 0000899751-26-000045 | Item 5.07 · say-on-pay result. As reported: 98.11% (votes for as printed: 45,170,750). Filing ↗ |
| 19 | Section 06, 2025 vote | Form 8-K | 2025-06-13 | 0000899751-25-000043 | Item 5.07 · say-on-pay result. As reported: 91.52% (votes for as printed: 45,584,678). Filing ↗ |
| 20 | Section 06, 2024 vote | Form 8-K | 2024-06-17 | 0000899751-24-000067 | Item 5.07 · say-on-pay result. As reported: 71.09% (votes for as printed: 43,057,471). Filing ↗ |
| 21 | Section 01 trend, Δ column (computed) | Computed | — | — | Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1) |
| 22 | Section 03b vehicle mix (computed) | Computed | — | — | RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio |
| 23 | Section 09b board cost (computed) | Computed | — | — | Cash 345,000 + equity 900,000 + all other 29,734 = 1,274,734, summed across the director compensation table rows.machine: formula: Σ = 1,274,734 |
| 24 | Applied Industrial Technologies, Inc., Section 10b CEO total | DEF 14A | 2026-09-10 | 0001193125-26-387870 | CEO total compensation as printed in Applied Industrial Technologies, Inc.'s own proxy. As printed: 7,699,136. Filing ↗machine: r3 · c31 · span 710791–710800 |
| 25 | Chart Industries, Inc., Section 10b CEO total | DEF 14A | 2025-04-08 | 0001193125-25-075768 | CEO total compensation as printed in Chart Industries, Inc.'s own proxy. As printed: 7,687,879. Filing ↗ |
| 26 | EnPro Industries, Inc., Section 10b CEO total | DEF 14A | 2026-03-23 | 0002071876-26-000038 | CEO total compensation as printed in EnPro Industries, Inc.'s own proxy. As printed: 7,457,747. Filing ↗machine: t281 · r1 · c9 · span 898791–898800 |
| 27 | Materion Corporation, Section 10b CEO total | DEF 14A | 2026-03-26 | 0001104657-26-000022 | CEO total compensation as printed in Materion Corporation's own proxy. As printed: 4,794,902. Filing ↗machine: r2 · c51 · span 477569–477578 |
| 28 | DXP Enterprises, Inc., Section 10b CEO total | DEF 14A | 2026-04-30 | 0001628280-26-029008 | CEO total compensation as printed in DXP Enterprises, Inc.'s own proxy. As printed: 4,594,369. Filing ↗ |
| 29 | Alamo Group, Inc., Section 10b CEO total | DEF 14A | 2026-03-19 | 0000897077-26-000047 | CEO total compensation as printed in Alamo Group, Inc.'s own proxy. As printed: 4,526,676. Filing ↗machine: r4 · c27 · span 716275–716284 |
| 30 | Titan International (subject), Section 10b CEO total | DEF 14A | 2026-04-29 | 0000899751-26-000033 | CEO total compensation as printed in Titan International's own proxy. As printed: 2,446,411. Filing ↗machine: r2 · c30 · span 450247–450256 |
| 31 | Section 10a, Applied Industrial Technologies, Inc. reciprocity | DEF 14A | — | 0001193125-26-387870 | Applied Industrial Technologies, Inc.'s most recent proxy was read; its disclosed peer group does not include Titan International. Filing ↗ |
| 32 | Section 10a, Materion Corporation reciprocity | DEF 14A | — | 0001104657-26-000022 | Materion Corporation's most recent proxy was read; its disclosed peer group does not include Titan International. Filing ↗ |
| 33 | Section 10a, Alamo Group, Inc. reciprocity | DEF 14A | — | 0000897077-26-000047 | Alamo Group, Inc. names Titan International in its own disclosed peer group (read from its most recent proxy). Filing ↗ |
| 34 | Section 10a, EnPro Industries, Inc. reciprocity | DEF 14A | — | 0002071876-26-000038 | EnPro Industries, Inc.'s most recent proxy was read; its disclosed peer group does not include Titan International. Filing ↗ |