Garcia Ken V 4

What Happened

• Ken V. Garcia, a director of Metallus Inc. (MTUS), received an award of 1,683 phantom shares on 2026-03-31 (transaction coded as an award, "A"). The award is reported at $16.34 per share for a total value of $27,500. This is a derivative award (phantom shares), not an open-market purchase.

Key Details

• Transaction date: 2026-03-31; Filing date: 2026-04-01 (timely filing).
• Award: 1,683 phantom shares @ $16.34 each; total reported value $27,500.
• Security type: Derivative (phantom shares) — each phantom share equals one Metallus common share (Footnote F1).
• Payout terms: Phantom shares are payable in cash and/or common shares upon termination of board service, per the Director Deferred Compensation Plan and the reporting person's election (Footnote F2).
• Shares owned after transaction: Not specified in the filing.
• Transaction code: A (award/grant). No 10b5-1 plan, tax-withholding, or late-filing notes were indicated.

Context

• This was an award of deferred/phantom shares under the company’s director deferred compensation plan, meaning payment is deferred and will be settled in cash or stock at a later date (typically upon termination of board service). Such awards reflect compensation arrangements for board members and are different from open-market purchases or sales that signal immediate insider buying or selling.