Worthington Steel (NYSE: WS) grants 1,630 restricted shares to corporate controller

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

1 transaction reported

Mixed 1 txn

Insider Joseph Gwen

Role Corporate Controller

Type	Security	Shares	Price	Value
Grant/Award	Common Shares	1,630	$0.00	--

Holdings After Transaction: Common Shares — 4,166 shares (Direct, null)

Footnotes (1)

1. [object Object]

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.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 04:08 PM Accepted by SEC EDGAR 06/30/2026 - 04:07 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^*

Joseph Gwen

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/26/2026

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
Common Shares	06/26/2026		A(1)		1,630	A	$0	4,166	D

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

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 Gwen Joseph	06/30/2026
	** 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)

FAQ

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.

How many Worthington Steel (WS) shares does Joseph Gwen own after this grant?

After receiving the restricted stock award, Joseph Gwen directly holds 4,166 common shares of Worthington Steel. This total includes the newly granted 1,630 restricted shares, which are subject to vesting on June 26, 2029, under the company’s 2023 Long-Term Incentive Plan.

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.