Worthington Steel (WS): Director Granted 5,836 Restricted Shares
Nancy G. Mistretta, a director of Worthington Steel, Inc. (WS), was granted 5,836 restricted shares of common stock on 09/26/2025 at no cash cost.
Rhea-AI Filing Summary
Nancy G. Mistretta, a director of Worthington Steel, Inc. (WS), was granted 5,836 restricted shares of common stock on 09/26/2025 at no cash cost. After the award, she beneficially owns 15,393 shares. The restricted stock award was made under the Worthington Steel, Inc. 2023 Equity Incentive Plan for Non-Employee Directors and will vest on the date of the next Annual Meeting of Shareholders if the director remains on the Board.
Positive
- Grant recorded: 5,836 restricted common shares acquired (code A(1)) at $0 cost
- Vesting condition disclosed: Shares vest on the date of the next Annual Meeting if the director remains on the Board
- Plan identified: Award granted under the Worthington Steel, Inc. 2023 Equity Incentive Plan for Non-Employee Directors
- Post-transaction ownership: Beneficial ownership reported as 15,393 shares
Negative
- None.
Insights
TL;DR: A routine director equity grant increased beneficial ownership to 15,393 shares; no cash paid for the award.
The transaction is a non-derivative grant of 5,836 restricted common shares reported as an acquisition (code A(1)) with a $0 price, consistent with standard compensation for non-employee directors under the company's 2023 Equity Incentive Plan. The award vests contingent on continued board service through the next annual meeting. This is a governance/compensation event, not an operational or liquidity event, and contains no additional financial metrics.
TL;DR: Director received time‑based restricted stock that vests at the next annual meeting, aligning compensation with continued service.
This restricted stock grant to a non-employee director is documented as subject to vesting tied to continued board membership through the next annual meeting of shareholders. The disclosure names the 2023 Equity Incentive Plan as the award vehicle and shows post-transaction beneficial ownership of 15,393 shares. The filing follows standard Section 16 reporting for insider equity awards.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 5,836 | $0.00 | $0.00 |
Footnotes (1)
- F1. An Award of restricted stock was granted pursuant to the Worthington Steel, Inc. 2023 Equity Incentive Plan for Non-Employee Directors. The restricted stock will vest on the date on which the next Annual Meeting of Shareholders of Worthington Steel, Inc. is held if the non-employee director remains on the Board.
FAQ
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What did Nancy G. Mistretta acquire according to the Form 4 for WS?
What reporting status did the filing indicate for the reporting person?
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