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Metallus Inc.·4

Jul 1, 5:00 PM ET

Garcia Ken V 4

Research Summary

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Metallus (MTUS) Director Ken V. Garcia Receives 1,471 Phantom Shares

What Happened
Ken V. Garcia, a director of Metallus Inc. (MTUS), received a grant of 1,471 phantom shares (derivative award) on 2026-06-30. The award is reported at an imputed price of $18.69 per phantom share, for a total value of $27,493. This was an award/acquisition (transaction code A) rather than an open-market purchase or sale.

Key Details

  • Transaction date: 2026-06-30; Filing date: 2026-07-01 (timely filing).
  • Award: 1,471 phantom shares @ $18.69 each; total reported value $27,493.
  • Shares owned after transaction: not specified in this filing.
  • Footnotes:
    • Each phantom share equals one Issuer common share (F1).
    • Phantom shares are payable in cash and/or common shares upon termination of Garcia's board service, as elected when he deferred compensation under the Metallus Inc. Director Deferred Compensation Plan (F2).
  • Type: Derivative award (phantom share grant); transaction code A.

Context
Phantom-share awards are a form of deferred compensation that may be settled in cash or stock at a later date and do not represent immediate open-market buying or selling. Such awards do not by themselves indicate a trading view by the insider; they reflect compensation under the company’s director deferred compensation plan.