diff --git a/pkg/sql/stmtdiagnostics/statement_diagnostics.go b/pkg/sql/stmtdiagnostics/statement_diagnostics.go
index 58c978611e30..9741538b53aa 100644
--- a/pkg/sql/stmtdiagnostics/statement_diagnostics.go
+++ b/pkg/sql/stmtdiagnostics/statement_diagnostics.go
@@ -157,18 +157,21 @@ func (r *Registry) Start(ctx context.Context, stopper *stop.Stopper) {
 
 func (r *Registry) poll(ctx context.Context) {
 	var (
-		timer timeutil.Timer
+		timer *timeutil.Timer
 		// We need to store timer.C reference separately because timer.Stop()
 		// (called when polling is disabled) puts timer into the pool and
 		// prohibits further usage of stored timer.C.
-		timerC              = timer.C
+		timerC              <-chan time.Time
 		lastPoll            time.Time
 		deadline            time.Time
 		pollIntervalChanged = make(chan struct{}, 1)
 		maybeResetTimer     = func() {
 			if interval := pollingInterval.Get(&r.st.SV); interval == 0 {
 				// Setting the interval to zero stops the polling.
-				timer.Stop()
+				if timer != nil {
+					timer.Stop()
+					timer = nil
+				}
 				// nil out the channel so that it'd block forever in the loop
 				// below (until the polling interval is changed).
 				timerC = nil
@@ -176,6 +179,9 @@ func (r *Registry) poll(ctx context.Context) {
 				newDeadline := lastPoll.Add(interval)
 				if deadline.IsZero() || !deadline.Equal(newDeadline) {
 					deadline = newDeadline
+					if timer == nil {
+						timer = timeutil.NewTimer()
+					}
 					timer.Reset(timeutil.Until(deadline))
 					timerC = timer.C
 				}
diff --git a/pkg/util/timeutil/timer.go b/pkg/util/timeutil/timer.go
index a090cd5d2d89..d21c3af733b3 100644
--- a/pkg/util/timeutil/timer.go
+++ b/pkg/util/timeutil/timer.go
@@ -55,11 +55,16 @@ type Timer struct {
 	// the timer has been initialized (via Reset).
 	C    <-chan time.Time
 	Read bool
+	// fromPool indicates whether this Timer came from timerPool. If false, then
+	// it won't be put into the timerPool on Stop.
+	fromPool bool
 }
 
 // NewTimer allocates a new timer.
 func NewTimer() *Timer {
-	return timerPool.Get().(*Timer)
+	t := timerPool.Get().(*Timer)
+	t.fromPool = true
+	return t
 }
 
 // Reset changes the timer to expire after duration d and returns
@@ -102,6 +107,9 @@ func (t *Timer) Stop() bool {
 			timeTimerPool.Put(t.timer)
 		}
 	}
+	if !t.fromPool {
+		return res
+	}
 	*t = Timer{}
 	timerPool.Put(t)
 	return res
diff --git a/pkg/util/timeutil/timer_test.go b/pkg/util/timeutil/timer_test.go
index 9ef96c9a9ab6..63effbb42ef8 100644
--- a/pkg/util/timeutil/timer_test.go
+++ b/pkg/util/timeutil/timer_test.go
@@ -11,9 +11,14 @@
 package timeutil
 
 import (
+	"context"
 	"fmt"
+	"math/rand"
+	"sync"
 	"testing"
 	"time"
+
+	"github.com/cockroachdb/cockroach/pkg/util/randutil"
 )
 
 const timeStep = 10 * time.Millisecond
@@ -139,3 +144,61 @@ func TestTimerMakesProgressInLoop(t *testing.T) {
 		timer.Read = true
 	}
 }
+
+// TestIllegalTimerShare is a regression test for sharing the same Timer between
+// multiple users when it was originally allocated on the stack of one of them
+// but then later was put into timerPool on Stop() (see #119593).
+func TestIllegalTimerShare(t *testing.T) {
+	ctx, cancel := context.WithTimeout(context.Background(), time.Second)
+	defer cancel()
+
+	resetTimer := func(t *Timer, rng *rand.Rand) {
+		t.Reset(time.Duration(rng.Intn(100)+1) * time.Nanosecond)
+	}
+
+	var wg sync.WaitGroup
+	// Simulate a pattern of usage of the stack-allocated Timer that is being
+	// stopped each time when the Timer fires.
+	fromStack := func() {
+		defer wg.Done()
+		rng, _ := randutil.NewTestRand()
+		var t Timer
+		defer t.Stop()
+		resetTimer(&t, rng)
+		for {
+			select {
+			case <-ctx.Done():
+				return
+			case <-t.C:
+				t.Read = true
+				t.Stop()
+				resetTimer(&t, rng)
+			}
+		}
+	}
+	// Simulate the most common pattern where the Timer is taken from the
+	// timerPool, fires repeatedly, and then is stopped in a defer.
+	fromPool := func() {
+		defer wg.Done()
+		rng, _ := randutil.NewTestRand()
+		t := NewTimer()
+		defer t.Stop()
+		resetTimer(t, rng)
+		for {
+			select {
+			case <-ctx.Done():
+				return
+			case <-t.C:
+				t.Read = true
+				resetTimer(t, rng)
+			}
+		}
+	}
+	// Spin up a few goroutines per each access pattern.
+	wg.Add(6)
+	for i := 0; i < 3; i++ {
+		go fromStack()
+		go fromPool()
+	}
+	wg.Wait()
+}