Worthington Steel COO sells 20,236 shares
Worthington Steel, Inc. Chief Operating Officer Jeffrey R. Klingler reported option exercises and share sales in company stock.
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Form Type
4
Rhea-AI Filing Summary
Worthington Steel, Inc. Chief Operating Officer Jeffrey R. Klingler reported option exercises and share sales in company stock. On June 1–2, 2026, he sold a total of 20,236 common shares in open-market transactions at weighted average prices of about $43.00–$44.53, executed in multiple trades within stated price ranges.
Over the same period, he exercised stock options to acquire 20,236 common shares at exercise prices of $14.37, $18.64, and $21.51 per share under the Worthington Steel, Inc. 2023 Long Term Incentive Plan. After these transactions, he holds 93,212 common shares directly, plus small additional indirect holdings through a 401(k) and an IRA.
Insider Trade Summary 10b5-1
Exercise and Sale: 20,236 shares ($535K approx. pre-tax spread)
Exercise and Sale
13 txns
Insider
KLINGLER JEFFREY R
Role
Chief Operating Officer
Sold
20,236 shs ($887K)
Approx. gross sale proceeds
$887K
Approx. exercise cost
$352K
Approx. pre-tax spread
$535K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualifed Stock Options (Right to Buy) | 6,259 | $0.00 | $0.00 |
| Exercise | Non-Qualifed Stock Options (Right to Buy) | 3,442 | $0.00 | $0.00 |
| Exercise | Non-Qualifed Stock Options (Right to Buy) | 10,335 | $0.00 | $0.00 |
| Exercise | Common Shares | 3,442 | $18.64 | $64K |
| Exercise | Common Shares | 6,259 | $21.51 | $135K |
| Exercise | Common Shares | 10,335 | $14.37 | $149K |
| Sale | Common Shares | 14,008 | $43.5217 | $610K |
| Sale | Common Shares | 6,028 | $44.5283 | $268K |
| Exercise | Non-Qualifed Stock Options (Right to Buy) | 200 | $0.00 | $0.00 |
| Exercise | Common Shares | 200 | $21.51 | $4K |
| Sale | Common Shares | 200 | $43.00 | $9K |
| holding | Commons Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Non-Qualifed Stock Options (Right to Buy) — 3,230 contracts (Direct);
Common Shares — 93,212 shares (Direct);
Commons Shares — 4,600 shares (Indirect, By IRA);
Common Shares — 1.22 shares (Indirect, By 401K)
Footnotes (5)
- F1. The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $43.00 to $43.96, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- F2. The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $44.02 to $44.87, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- F3. This non-qualified stock option was granted pursuant to the Worthington Steel, Inc. 2023 Long Term Incentive Plan. The date listed is the first day any portion of the option will vest. Additional portions of 33.33% of the option vested on 6/30/2025 and will vest on 6/30/2026.
- F4. This non-qualified stock option was granted pursuant to the Worthington Steel, Inc. 2023 Long Term Incentive Plan. The date listed is the date upon which this non-qualifed stock option became fully exercisable.
- F5. This non-qualified stock option was granted pursuant to the Worthington Steel, Inc. 2023 Long Term Incentive Plan. The date listed is the date upon which this non-qualifed stock option became fully exercisable.
Key Figures
Total shares sold: 20,236 shares
First block sold: 6,028 shares at $44.5283
Second block sold: 14,008 shares at $43.5217
+5 more
8 metrics
Total shares sold
20,236 shares
Open-market sales of Worthington Steel common shares
First block sold
6,028 shares at $44.5283
Common share sale on June 2, 2026
Second block sold
14,008 shares at $43.5217
Common share sale on June 2, 2026
Additional sale
200 shares at $43.00
Common share sale on June 1, 2026
Options exercised at $14.37
10,335 shares at $14.37
Non-qualified stock option exercise
Options exercised at $21.51
6,259 shares at $21.51
Non-qualified stock option exercise
Options exercised at $18.64
3,442 shares at $18.64
Non-qualified stock option exercise
Direct holdings after transactions
93,212 shares
Common shares owned directly after June 2026 trades
Key Terms
open-market sale, Non-Qualifed Stock Options (Right to Buy), weighted average price, Worthington Steel, Inc. 2023 Long Term Incentive Plan, +1 more
5 terms
open-market sale financial
"transaction_action: "open-market sale" for common share dispositions"
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
Non-Qualifed Stock Options (Right to Buy) financial
"security_title: "Non-Qualifed Stock Options (Right to Buy)" in derivative entries"
weighted average price financial
"footnote states "The price reported is a weighted average price" for sales"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Worthington Steel, Inc. 2023 Long Term Incentive Plan financial
"footnotes note options were granted under the "Worthington Steel, Inc. 2023 Long Term Incentive Plan""
non-qualified stock option financial
"footnotes repeatedly describe each award as a "non-qualified stock option""
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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