Williams Michael S 4

What Happened

• Michael S. Williams, CEO of Metallus Inc. (MTUS), received a grant of 78,100 restricted stock units (RSUs) on 2026-03-02. The filing also shows 29,124 shares were disposed on 2026-03-01 to satisfy a tax or exercise obligation at $17.00 per share, a value of approximately $495,108.
• The RSU grant shows no immediate cash value (reported at $0) because the units are awards that vest later; the withheld/disposed shares represent a payment to cover taxes or related obligations rather than an open-market sale.

Key Details

• Transaction dates and types:
  • 2026-03-01: 29,124 shares disposed (code F) at $17.00 per share — $495,108 (payment of tax/exercise obligation).
  • 2026-03-02: 78,100 shares acquired (code A) — award/grant of RSUs reported at $0.
• Vesting note: Footnote F1 states the RSUs will vest in full on March 2, 2029, subject to the grant agreement.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing/timeliness: Form 4 was filed on 2026-03-02 reporting a 2026-03-01 transaction (filed within normal SEC Form 4 timing in this instance).
• Transaction codes explained: A = award/grant; F = payment of exercise price or tax liability (i.e., shares withheld to cover taxes).

Context

• The 29,124-share disposal appears to be routine withholding to satisfy tax or exercise obligations associated with an equity award, not an open-market sale expressing sentiment.
• The 78,100 RSUs are a forward-looking compensation award that will vest on March 2, 2029; such grants compensate executives and do not indicate immediate insider buying pressure.