ADAMS TIMOTHY A 4
4 · Worthington Steel, Inc. · Filed Jun 3, 2026
Research Summary
AI-generated summary of this filing
Worthington Steel (WS) CFO Timothy Adams Exercises Options, Sells Shares
What Happened
Timothy A. Adams, Chief Financial Officer of Worthington Steel, exercised 2,367 non‑qualified stock options on June 1, 2026 at an exercise price of $13.10 (cost $31,008) and sold the 2,367 resulting shares in open‑market transactions the same day. The sales (1,100 shares and 1,267 shares) produced total gross proceeds of approximately $100,059.
Key Details
- Transaction date: 2026-06-01 (reported on Form 4 filed 2026-06-03). Filing appears timely.
- Option exercise: 2,367 shares acquired at $13.10 each (total cost $31,008). (Derivative code M)
- Sales: 1,100 shares sold at a weighted average price of $41.70 (proceeds $45,869) and 1,267 shares sold at a weighted average price of $42.77 (proceeds $54,190). Total proceeds ≈ $100,059. (Sale code S)
- Footnotes: Sales prices are weighted averages from multiple trades — ranges reported were $41.35–$42.19 and $42.38–$43.01. Footnote also notes the option became fully exercisable on the indicated date.
- Shares owned after the transactions: not specified in the provided filing data.
Context
This is an options exercise followed by immediate open‑market sales (a cashless or sell-to-cover style transaction). Such same‑day exercises and sales are common for insiders when options vest or to cover exercise costs and taxes; the filing is factual and does not by itself indicate the CFO’s future view on the stock.
Insider Transaction Report
- Exercise/Conversion
Common Shares
2026-06-01$13.10/sh+2,367$31,008→ 46,465 total - Sale
Common Shares
[F1]2026-06-01$41.70/sh−1,100$45,869→ 45,365 total - Sale
Common Shares
[F2]2026-06-01$42.77/sh−1,267$54,190→ 44,098 total - Exercise/Conversion
Non-Qualifed Stock Options (Right to Buy)
[F3]2026-06-01−2,367→ 0 totalExercise: $13.10From: 2019-06-30Exp: 2026-06-30→ Common Shares (2,367 underlying)
Footnotes (3)
- [F1]The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $41.35 to $42.19, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- [F2]The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $42.38 to $43.01, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth.
- [F3]The date upon which this Non-Qualified Stock Option became fully exercisable.