Worthington Steel grants 1,630 restricted shares to controller
Joseph Gwen reported acquisition or exercise transactions in this Form 4 filing.
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Form Type
4
Rhea-AI Filing Summary
Joseph Gwen reported acquisition or exercise transactions in this Form 4 filing.
Worthington Steel, Inc. corporate controller Joseph Gwen received an award of 1,630 common shares as restricted stock compensation on June 26, 2026, at no purchase price. The award was granted under the Worthington Steel Inc. 2023 Long-Term Incentive Plan and will vest on June 26, 2029. Following this grant, Gwen directly holds 4,166 common shares.
Insider Trade Summary
Grant/Award: 1,630 shares
Grant/Award
1 txn
Insider
Joseph Gwen
Role
Corporate Controller
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 1,630 | $0.00 | $0.00 |
Holdings After Transaction:
Common Shares — 4,166 shares (Direct)
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 granted: 1,630 shares
Grant price per share: $0.0000 per share
Shares owned after grant: 4,166 shares
+1 more
4 metrics
Restricted stock granted
1,630 shares
Common Shares award on June 26, 2026
Grant price per share
$0.0000 per share
Restricted stock compensation grant
Shares owned after grant
4,166 shares
Total direct holdings following transaction
Vesting date
June 26, 2029
Restricted stock vests on third anniversary of grant
Key Terms
restricted stock, Long-Term Incentive Plan, vest, Form 4
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.
Long-Term Incentive Plan financial
"An award of restricted stock was granted pursuant to the Worthington Steel Inc. 2023 Long-Term Incentive Plan."
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
vest financial
"The restricted stock will vest on the third anniversary of the grant date (6/26/2029)."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Worthington Steel (WS) report for Joseph Gwen?
Worthington Steel reported that corporate controller Joseph Gwen received a grant of 1,630 common shares as restricted stock. The award was made at no purchase price as part of his long-term incentive compensation package and increases his direct holdings to 4,166 shares.
Was the Worthington Steel (WS) insider transaction a market purchase or sale?
The transaction was not a market purchase or sale. It was a grant of restricted stock at a price of $0.0000 per share, provided as compensation under the Worthington Steel Inc. 2023 Long-Term Incentive Plan rather than through open-market trading.
When does Joseph Gwen’s restricted stock in Worthington Steel (WS) vest?
The restricted stock granted to Joseph Gwen will vest on the third anniversary of the grant date. According to the award terms, the 1,630 restricted shares are scheduled to vest on June 26, 2029, assuming the vesting conditions under the plan are satisfied.
Under which plan was the Worthington Steel (WS) restricted stock granted to Joseph Gwen?
The restricted stock award to Joseph Gwen was granted under the Worthington Steel Inc. 2023 Long-Term Incentive Plan. This plan provides equity-based compensation, such as restricted stock, to align management’s interests with shareholders through long-term share ownership and vesting schedules.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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