Williams Michael S 4

What Happened

• Michael S. Williams, CEO of Metallus Inc. (MTUS), received an award of 40,278 shares on 2026-02-11 (reporting code A). Those award shares were issued at $0.00 per share (standard for restricted stock/RSU vesting).
• To satisfy tax withholding obligations (reporting code F), 18,436 of the newly issued shares were disposed at $21.51 per share, generating $396,558 to cover tax liabilities. This is a withholding/tax payment, not an open-market sale.

Key Details

• Transaction date: 2026-02-11.
• Award: 40,278 shares issued @ $0.00 (code A).
• Tax withholding/disposition: 18,436 shares disposed @ $21.51 = $396,558 (code F).
• Shares owned after transaction: not specified in the filing.
• Filing timeliness: Form 4 filed 2026-02-12 (next day); no late filing indicated.
• Note: Code F indicates shares were surrendered/withheld to satisfy tax withholding — a routine post-vesting action, not a market sale for cash.

Context

• This appears to be a standard equity award vesting with shares withheld to cover taxes (cashless withholding). Such withholding transactions are administrative and do not necessarily signal insider buying or selling intentions.
• For retail investors: purchases or open-market buys tend to be more directly informative about insider conviction; awards and tax-withholdings are common compensation events.