ADAMS TIMOTHY A 4
Research Summary
AI-generated summary
Worthington Steel (WS) CFO Timothy Adams Receives 8,150-Share Award
What Happened
- Timothy A. Adams, Chief Financial Officer of Worthington Steel, was granted 8,150 shares of restricted stock on 2026-06-26. The shares were awarded at $0.00 per share (total cost reported $0) under the Worthington Steel, Inc. 2023 Long-Term Incentive Plan.
Key Details
- Transaction date: 2026-06-26; Form 4 filed: 2026-06-30 (filed within required SEC timing for Form 4).
- Price: $0.00 per share; total reported value $0 (award/grant).
- Shares after transaction: not disclosed in the Form 4.
- Footnote: Awarded restricted stock vests on the third anniversary of the grant (6/26/2029) per the 2023 LTIP (see footnote F1).
- Transaction code: A = Award/Grant of restricted stock.
Context
- Restricted stock awards are compensation/retention tools that do not involve an immediate cash purchase or sale; shares typically transfer to the insider only if vesting conditions are met (here, three years).
- Such grants are common executive compensation and should not be read as a direct buy/sell signal.