Heuer Joseph 4
Research Summary
AI-generated summary
Worthington Steel GC Joseph Heuer Receives 4,890-Share Award
What Happened
Joseph Heuer, General Counsel of Worthington Steel, was granted 4,890 restricted shares on 2026-06-26. The award was issued at a $0.00 per-share price (no cash paid), so the transaction value on the grant date is $0. The shares are restricted stock — part of compensation rather than an open-market purchase or sale.
Key Details
- Transaction date: 2026-06-26; Form 4 filed: 2026-06-30 (appears timely under the two-business-day rule).
- Transaction type/code: Award/Grant (A).
- Shares granted: 4,890; grant price reported: $0.00; aggregate cash value on grant date: $0.
- Vesting: The restricted stock vests on the third anniversary of the grant (6/26/2029) per footnote.
- Plan: Award made under the Worthington Steel Inc. 2023 Long-Term Incentive Plan (footnote).
- Shares owned after transaction: Not specified in the provided filing.
Context
Restricted-stock awards are common executive compensation and are subject to forfeiture until they vest; they do not represent an immediate market buy/sell signal. This grant increases Heuer’s potential future stake if the shares vest but does not require cash outlay now.