Companies Titan International Inc

Titan International (TWI): executive pay, fiscal 2025

Free brief. Every figure links to the company’s own filing.

Velarion Intel: free for 3 days, no card →

Email me Titan International Inc’s executive pay brief as a PDF

You get it on this page the moment you ask, and a copy by email. Every figure is cited to its filing.

After the PDF, up to three short notes on the deeper reports for this company. Reply “unsubscribe” to any of them, any time.

CEO total pay$2,446,411CEO Paul Reitz · source

Say-on-pay support98.11%Latest vote · source

CEO vs. named peers1st pct.Of 6 peer CEOs

CEO pay ratio69:1To the median employee · source

CEO pay, last three years

$3,205,216FY2023
$2,746,993FY2024
$2,446,411FY2025

CEO total pay was $2,446,411 in fiscal 2025, down from $2,746,993 in fiscal 2024.

FY2025: salary $976,981 · bonus $725,000 · stock awards $709,600 · option awards $0

Executives and directors

Anthony Eheli · CFO Paul Reitz · CEO David Martin · SVP Max Narancich · COO Anthony L. Soave · Independent Director Kim A. Marvin · Former director (through FY2025)Laura K. Thompson · Independent Director Mark H. Rachesky, MD · Director Maurice M. Taylor Jr · Chair of the Board Max A. Guinn · Independent Director Richard M. Cashin Jr · Independent Director

Frequently asked questions

Who was the highest-paid executive at Titan International Inc in fiscal 2025?

As disclosed, Paul Reitz (President and Chief Executive Officer) was the highest-paid executive at Titan International Inc in fiscal 2025, with total compensation of $2,446,411.

How does Titan International Inc's chief executive pay compare to its disclosed peer group?

As disclosed, Paul Reitz's total compensation ranked at the 1st percentile of Titan International Inc's disclosed peer group.

What is Titan International Inc's CEO-to-median employee pay ratio?

As disclosed, Titan International Inc's CEO-to-median employee pay ratio was 69:1.

How did shareholders vote on Titan International Inc's executive compensation?

As disclosed, 98.11% of shareholders supported Titan International Inc's executive compensation in the latest say-on-pay vote.

How much does Titan International Inc spend in total on board compensation for fiscal 2025?

As disclosed, Titan International Inc reported total board compensation of $1,274,734 for fiscal 2025.

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.

Full detail

Every table from the filing. Open any section.

Summary compensation table

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.

Three-year trend — total compensation per named executive

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.

Incentive-plan design — the Compensation Discussion & Analysis

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	—

Equity grants and outstanding awards

Grants of plan-based awards — fiscal year 2025

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

Vehicle mix — grant-date fair value by award type

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.

Outstanding equity awards at fiscal year-end 2025

Executive	Award	Shares unvested	Exercise price	Market value unvested
Anthony Eheli	PSU	43,334	—	$339,305
Max Narancich	PSU	47,000	—	368,010
David Martin	PSU	91,667	—	717,753
Paul Reitz	PSU	163,334	—	1,278,905

Director compensation

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

Board fee structure and ownership guideline

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

Total cost of the board

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.

Peer group, and who names Titan International as a peer

Companies that benchmark against TWI

4 companies name TWI as a compensation peer

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.

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

AIT Applied Industrial Technologies, Inc.DXPE DXP Enterprises, Inc.MTRN Materion CorporationALG Alamo Group, Inc.NPO EnPro Industries, Inc.GTLS Chart Industries, Inc.

Peer reciprocity

The companies Titan International Inc names as compensation peers that name it back in their own disclosed peer groups.

Alamo Group, Inc. (ALG)³¹

Chief executive pay against the peer group

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	0	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 Inc	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.

Incentive design against the same peers

Company	Annual incentive payout	Long-term vehicle mix	PSU measures include TSR	Compensation consultant
Titan International Inc	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	Restricted Stock 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.

Say-on-pay history and pay ratio

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.

Say-on-pay — history, company’s computation

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.

CEO pay ratio

Ratio (CEO : median employee)	69 : 1
CEO total compensation	$2,446,411
Median employee compensation	$35,633

Insider trades since the proxy

No insider equity transactions reported since the proxy statement.

Sources (31 citations)

Each figure is listed with the filing it comes from, where it appears in that filing, and the value as printed. Any figure can be independently confirmed against the source.

Section 01, Paul Reitz. DEF 14A, filed 2026-04-29. Section “Executive Compensation” · page 30. As printed: 2,446,411. View filing ↗
Section 01, David Martin. DEF 14A, filed 2026-04-29. Section “Executive Compensation”. As printed: 1,168,453. View filing ↗
Section 01, Max Narancich. DEF 14A, filed 2026-04-29. Section “Executive Compensation”. As printed: 1,004,988. View filing ↗
Section 01, Anthony Eheli. DEF 14A, filed 2026-04-29. Section “Executive Compensation”. As printed: 642,924. View filing ↗
Section 03, David Martin RSU. DEF 14A, filed 2026-04-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Anthony Eheli RSU. DEF 14A, filed 2026-04-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Paul Reitz RSU. DEF 14A, filed 2026-04-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 03, Max Narancich RSU. DEF 14A, filed 2026-04-29. Section “Executive Compensation” · grants of plan-based awards table. View filing ↗
Section 07, pay ratio. DEF 14A, filed 2026-04-29. Section “CEO Pay Ratio”. As printed: 69 : 1. View filing ↗
Section 08, Maurice M. Taylor Jr. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 270,000. View filing ↗
Section 08, Richard M. Cashin Jr. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 247,234. View filing ↗
Section 08, Max A. Guinn. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 210,000. View filing ↗
Section 08, Laura K. Thompson. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 187,500. View filing ↗
Section 08, Anthony L. Soave. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 180,000. View filing ↗
Section 08, Mark H. Rachesky, MD. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 180,000. View filing ↗
Section 08, Paul G. Reitz. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 0. View filing ↗
Section 08, Kim A. Marvin. DEF 14A, filed 2026-04-29. Section “Director Compensation”. As printed: 0. View filing ↗
Section 06, 2026 vote. Form 8-K, filed 2026-06-22. Item 5.07 · say-on-pay result. As reported: 98.11% (votes for as printed: 45,170,750). View filing ↗
Section 06, 2025 vote. Form 8-K, filed 2025-06-13. Item 5.07 · say-on-pay result. As reported: 91.52% (votes for as printed: 45,584,678). View filing ↗
Section 06, 2024 vote. Form 8-K, filed 2024-06-17. Item 5.07 · say-on-pay result. As reported: 71.09% (votes for as printed: 43,057,471). View filing ↗
Section 01 trend, Δ column (computed). Computed. Δ = current-FY total − prior-FY total per named officer.
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).
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.
Applied Industrial Technologies, Inc., Section 10b CEO total. DEF 14A, filed 2026-09-10. CEO total compensation as printed in Applied Industrial Technologies, Inc.'s own proxy. As printed: 7,699,136. View filing ↗
Chart Industries, Inc., Section 10b CEO total. DEF 14A, filed 2025-04-08. CEO total compensation as printed in Chart Industries, Inc.'s own proxy. As printed: 7,687,879. View filing ↗
EnPro Industries, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-23. CEO total compensation as printed in EnPro Industries, Inc.'s own proxy. As printed: 7,457,747. View filing ↗
Materion Corporation, Section 10b CEO total. DEF 14A, filed 2026-03-26. CEO total compensation as printed in Materion Corporation's own proxy. As printed: 4,794,902. View filing ↗
DXP Enterprises, Inc., Section 10b CEO total. DEF 14A, filed 2026-04-30. CEO total compensation as printed in DXP Enterprises, Inc.'s own proxy. As printed: 4,594,369. View filing ↗
Alamo Group, Inc., Section 10b CEO total. DEF 14A, filed 2026-03-19. CEO total compensation as printed in Alamo Group, Inc.'s own proxy. As printed: 4,526,676. View filing ↗
Titan International Inc (subject), Section 10b CEO total. DEF 14A, filed 2026-04-29. CEO total compensation as printed in Titan International Inc's own proxy. As printed: 2,446,411. View filing ↗
Section 10a, Alamo Group, Inc. reciprocity. DEF 14A. Alamo Group, Inc. names Titan International Inc in its own disclosed peer group (read from its most recent proxy). View filing ↗