Metallus director granted 1,471 phantom shares

Garcia Ken V reported acquisition or exercise transactions in this Form 4 filing.

Rhea-AI Filing Summary

Garcia Ken V reported acquisition or exercise transactions in this Form 4 filing.

Metallus Inc. director Ken V. Garcia received a grant of 1,471 phantom shares on this Form 4. Each phantom share is economically equivalent to one common share and was valued at $18.69 per share for this award. These phantom shares are payable in cash and/or common shares when his Board service ends, under the Metallus Inc. Director Deferred Compensation Plan. Following this grant, he holds 27,776 phantom shares in total.

Insider Trade Summary

Grant/Award: 1,471 shares

Grant/Award 1 txn

Insider Garcia Ken V

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Phantom Shares	1,471	$18.69	$27K

Holdings After Transaction: Phantom Shares — 27,776 contracts (Direct)

Footnotes (2)

1. F1. Each phantom share is the equivalent of one Issuer common share.
2. F2. Phantom shares are payable in cash and/or common shares upon termination of the Reporting Person's service on the Board of Directors, as elected by the Reporting Person at the time he elected to defer compensation under the Metallus Inc. Director Deferred Compensation Plan.

Key Figures

Phantom shares granted: 1,471 phantom shares Reference price per phantom share: $18.69 per share Total phantom shares after grant: 27,776 phantom shares +1 more

4 metrics

Phantom shares granted 1,471 phantom shares Grant to director Ken V. Garcia

Reference price per phantom share $18.69 per share Value used for the 1,471-unit grant

Total phantom shares after grant 27,776 phantom shares Holdings following this Form 4 transaction

Phantom to common share ratio 1 phantom share = 1 common share Economic equivalence stated in footnote

Key Terms

Phantom Shares, Director Deferred Compensation Plan, payable in cash and/or common shares

3 terms

Phantom Shares financial

"Each phantom share is the equivalent of one Issuer common share."

Phantom shares are a form of employee or executive compensation that mimics the economic value of owning company stock without actually issuing real shares; holders receive cash or equivalent payments tied to the company’s share price or dividends. Think of it like a receipt that pays out if the stock rises — it aligns managers’ interests with shareholders but does not dilute ownership, while creating a future cash obligation that investors should watch as it can affect company cash flow and valuation.

Director Deferred Compensation Plan financial

"under the Metallus Inc. Director Deferred Compensation Plan."

payable in cash and/or common shares financial

"Phantom shares are payable in cash and/or common shares upon termination"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Metallus (MTUS) report for Ken V. Garcia?

Metallus reported that director Ken V. Garcia received 1,471 phantom shares as a grant. These are compensation-related units tied to company common shares rather than an open-market stock purchase or sale.

How many phantom shares does Ken V. Garcia hold after this Metallus Form 4?

After the reported grant, Ken V. Garcia holds 27,776 phantom shares. These units track Metallus common shares and represent deferred director compensation under the company’s plan.

What is the value reference for the Metallus phantom share grant to Ken V. Garcia?

The phantom share grant to Ken V. Garcia used a reference price of $18.69 per share. This price helps determine the award’s notional value for his deferred compensation.

How do Metallus phantom shares relate to common shares?

Each Metallus phantom share is the economic equivalent of one common share. They mirror the value of common stock but are delivered later as cash and/or shares under the deferred compensation plan.

When are Metallus phantom shares payable to director Ken V. Garcia?

The phantom shares are payable in cash and/or common shares when Ken V. Garcia’s service on the Board ends. Payment follows the choices he made when electing to defer his director compensation.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 07/01/2026 - 05:00 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Garcia Ken V

(Last) (First) (Middle)

1835 DUEBER AVE. SW

(Street)

CANTON OHIO 44706

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Metallus Inc. [ MTUS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Phantom Shares	(1)	06/30/2026		A		1,471		(2)	(2)	Common Shares	1,471	$18.69	27,776	D

Explanation of Responses:

1. Each phantom share is the equivalent of one Issuer common share.

2. Phantom shares are payable in cash and/or common shares upon termination of the Reporting Person's service on the Board of Directors, as elected by the Reporting Person at the time he elected to defer compensation under the Metallus Inc. Director Deferred Compensation Plan.

	/s/ Kristine C. Syrvalin, as Attorney-in-Fact	07/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)