Timken Family & Foundation Maintain 5.0% Stake in Timken Co.

TL;DR

**Timken family and foundation still own 5.0% of TIMKEN CO, showing continued confidence.**

AI Summary

The Timken Foundation of Canton, along with several members of the Timken family (Henry H. Timken, II, Joy A. Timken, Robert R. Timken, W.R. Timken, Jr., and Ward J. Timken, Jr.), filed an amended SC 13G/A on February 8, 2024, indicating their continued passive ownership in The Timken Company. This filing, an Amendment No. 8, confirms their collective beneficial ownership of 5.0% of the company's common shares as of December 31, 2023. This matters to investors because it shows that a significant, long-standing shareholder group, including the founding family's foundation, maintains a substantial stake, which can signal confidence in the company's long-term prospects.

Why It Matters

This filing confirms that a key founding family and their foundation continue to hold a significant, albeit passive, stake in The Timken Company, which can be a positive signal for long-term investors.

Risk Assessment

Risk Level: low — This filing indicates a stable, passive ownership stake by a long-term holder, posing minimal immediate risk to investors.

Analyst Insight

Investors should note the continued, stable ownership by the founding family and their foundation, which suggests long-term confidence in the company, but this filing itself doesn't indicate any immediate catalysts for stock movement.

Key Numbers

• 5.0% — Beneficial Ownership (The percentage of The Timken Company's common shares beneficially owned by the Timken Foundation of Canton and the Timken family members as of December 31, 2023.)

Key Players & Entities

• The Timken Company (company) — the subject company whose shares are being reported
• Timken Foundation of Canton (company) — the primary reporting entity
• Henry H. Timken, II (person) — a group member beneficially owning shares
• Joy A. Timken (person) — a group member beneficially owning shares
• Robert R. Timken (person) — a group member beneficially owning shares
• W.R. Timken, Jr. (person) — a group member beneficially owning shares
• Ward J. Timken, Jr. (person) — a group member beneficially owning shares
• 5.0% (dollar_amount) — the percentage of common shares beneficially owned by the reporting group

Forward-Looking Statements

• The Timken Foundation of Canton and the Timken family will likely maintain their passive ownership stake in The Timken Company. (Timken Foundation of Canton) — high confidence, target: 2025-02-08

FAQ

Filing Documents

• doc1.htm (SC 13G/A) — 202KB
• exhibit99-1TKR2024.htm (EX-99.1) — 4KB
• 0001567619-24-000069.txt ( ) — 208KB

From the Filing

SC 13G/A 1 doc1.htm NONE Schedule 13G UNITED SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 8 )* The Timken Company (Name of Issuer) Common Shares, without par value (Title of Class of Securities) 887389104 (CUSIP Number) Calendar Year 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: o Rule 13d-1(b) o Rule 13d-1(c) x Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 887389104 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Timken Foundation of Canton 34-6520254 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) x (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Ohio NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 2,964,650 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 2,964,650 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,964,650 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.23% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO FOOTNOTES CUSIP No. 887389104 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Ward J. Timken 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) x (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 303,428 6 SHARED VOTING POWER 3,471,593 7 SOLE DISPOSITIVE POWER 303,428 8 SHARED DISPOSITIVE POWER 3,471,593 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,775,021 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 5.38% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN FOOTNOTES CUSIP No. 887389104 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Joy A. Timken 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) x (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 50,242 6 SHARED VOTING POWER 3,396,244 7 SOLE DISPOSITIVE POWER 50,242 8 SHARED DISPOSITIVE POWER 3,396,244 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,446,486 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.91% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN FOOTNOTES CUSIP No. 887389104 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) W.R. Timken, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) x (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 92,745 6 SHARED VOTING POWER 3,004,805 7 SOLE DISPOSITIVE POWER 92,745 8 SHARED DISPOSITIVE POWER 3,004,805 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,097,550 10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) o 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.42% 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) IN FOOTNOTES CUSIP No. 887389104 1 NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY) Ward J. Timken, Jr. 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS) (a) x (b) o 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION United States of America NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH: 5 SOLE VOTING POWER 522,361 6 SHARED VOTING POWER 3,161,460 7 SOLE DISPOSITIVE POWER 522,361 8 SHARED DISPOSITIVE POWER 3,161,460 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 3,683,821 1

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