SYRVALIN KRISTINE C 4
Research Summary
AI-generated summary
Metallus (MTUS) EVP Kristine Syrvalin Receives RSU Award
What Happened
- Kristine C. Syrvalin, EVP and General Counsel of Metallus Inc. (MTUS), received a grant of 20,100 restricted stock units (RSUs) on 2026-03-02 (grant code A). These RSUs were reported at a $0.00 acquisition price and will vest in full on March 2, 2029 per the grant agreement (footnote F1).
- On 2026-03-01 a separate transaction coded F shows 7,270 shares disposed at $17.00 each to cover an exercise price or tax liability, totaling $123,590. This is a routine tax-withholding/share-for-taxes type disposition rather than an open-market sale.
Key Details
- Transaction dates and prices:
- 2026-03-01: 7,270 shares disposed at $17.00 — $123,590 (tax withholding/payment, code F).
- 2026-03-02: 20,100 RSUs granted at $0.00 (code A); acquisition value reported $0.
- Shares owned after the transactions: Not specified in the Form 4 filing.
- Footnote: F1 — The 20,100 RSUs will vest in full on March 2, 2029, subject to the grant agreement.
- Filing timeliness: Report filed 2026-03-02 covering transactions on 2026-03-01 and 2026-03-02; filing appears timely.
Context
- The RSU grant is an award (long-term compensation) and does not represent an immediate cash purchase; value will be realized only if/when RSUs vest and convert to shares.
- The 7,270-share disposition is described as payment for tax liability (routine withholding), which is common when equity awards vest and generally should not be interpreted as a discretionary sell signal by management.