Worthington Steel COO granted 10,590 shares
KLINGLER JEFFREY R reported acquisition or exercise transactions in this Form 4 filing.
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 Trade Summary
Grant/Award: 10,590 shares
Grant/Award
3 txns
Insider
KLINGLER JEFFREY R
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 10,590 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 103,802 shares (Direct);
Common Shares — 4,600 shares (Indirect, By IRA);
Common Shares — 1.22 shares (Indirect, By 401K)
Footnotes (1)
- F1. 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).
Key Figures
Restricted stock grant: 10,590 shares
Grant price: $0.00 per share
Direct holdings after grant: 103,802 shares
+3 more
6 metrics
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
Key Terms
restricted stock, 2023 Long-Term Incentive Plan, 401K, IRA
4 terms
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.
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.
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
