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Worthington Steel (WS) COO gets 10,590-share restricted stock award

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

KLINGLER JEFFREY R reported acquisition or exercise transactions in this Form 4 filing.

Worthington Steel, Inc. Chief Operating Officer Jeffrey R. Klingler received a grant of 10,590 common shares as restricted stock under the Worthington Steel Inc. 2023 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date, on June 26, 2029.

Following this award, Klingler directly holds 103,802 common shares. He also has indirect holdings reported as 1.22 common shares through a 401K and 4,600 common shares through an IRA, reflecting retirement-related ownership separate from his direct position.

Positive

  • None.

Negative

  • None.
Insider KLINGLER JEFFREY R
Role Chief Operating Officer
Type Security Shares Price Value
Grant/Award Common Shares 10,590 $0.00 --
holding Common Shares -- -- --
holding Common Shares -- -- --
Holdings After Transaction: Common Shares — 103,802 shares (Direct, null); Common Shares — 4,600 shares (Indirect, By IRA)
Footnotes (1)
  1. [object Object]
Restricted stock grant 10,590 shares Common shares awarded to COO on June 26, 2026
Grant price $0.00 per share Restricted stock award under 2023 Long-Term Incentive Plan
Direct holdings after grant 103,802 shares Common shares directly owned by COO following award
IRA indirect holdings 4,600 shares Common shares held indirectly through IRA
401K indirect holdings 1.22 shares Common shares held indirectly through 401K
Vesting date June 26, 2029 Restricted stock vests on third anniversary of grant
restricted stock financial
"An award of restricted stock was granted pursuant to the Worthington Steel Inc. 2023 Long-Term Incentive Plan."
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
2023 Long-Term Incentive Plan financial
"An award of restricted stock was granted pursuant to the Worthington Steel Inc. 2023 Long-Term Incentive Plan."
401K financial
"total_shares_following_transaction": "1.2200", "direct_or_indirect": "I", "nature_of_ownership": "By 401K""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
IRA financial
"total_shares_following_transaction": "4600.0000", "direct_or_indirect": "I", "nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
KLINGLER JEFFREY R

(Last)(First)(Middle)
100 OLD WILSON BRIDGE ROAD

(Street)
COLUMBUS OHIO 43085

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Worthington Steel, Inc. [ WS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Operating Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares06/26/2026A(1)10,590A$0103,802D
Common Shares4,600IBy IRA
Common Shares1.22IBy 401K
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. An award of restricted stock was granted pursuant to the Worthington Steel Inc. 2023 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date (6/26/2029).
/s/Joseph Y. Heuer, as attorney-in-fact for Jeffrey Klingler06/30/2026
** Signature of Reporting PersonDate
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)

FAQ

What insider transaction did Worthington Steel (WS) report for COO Jeffrey Klingler?

Worthington Steel reported that COO Jeffrey R. Klingler received a grant of 10,590 common shares of restricted stock. The award was made under the Worthington Steel Inc. 2023 Long-Term Incentive Plan as executive compensation rather than an open-market share purchase.

When do Jeffrey Klingler’s new restricted Worthington Steel (WS) shares vest?

The 10,590 restricted common shares granted to Jeffrey R. Klingler vest on June 26, 2029. They were awarded on June 26, 2026 and will fully vest on the third anniversary of the grant date, assuming the vesting conditions are satisfied.

How many Worthington Steel (WS) shares does Jeffrey Klingler hold after the Form 4 grant?

After the restricted stock award, Jeffrey R. Klingler directly holds 103,802 common shares. The filing also shows indirect holdings of 1.22 common shares through a 401K and 4,600 common shares through an IRA retirement account.

Was the Worthington Steel (WS) Form 4 transaction a market purchase or sale?

The Form 4 reflects a grant of 10,590 restricted common shares to Jeffrey R. Klingler at a price of $0.00 per share. This indicates a compensation award under a long-term incentive plan, not an open-market buy or sell transaction in Worthington Steel stock.

What plan governs Jeffrey Klingler’s restricted stock award at Worthington Steel (WS)?

The restricted stock grant to Jeffrey R. Klingler was made under the Worthington Steel Inc. 2023 Long-Term Incentive Plan. This plan provides equity-based compensation, and the reported award consists of 10,590 restricted common shares that vest on June 26, 2029.