KLINGLER JEFFREY R 4

What Happened

• Jeffrey R. Klingler, Chief Operating Officer of Worthington Steel (WS), had 8,655 performance shares vest on July 7, 2026 (transaction code A — award/acquisition).
• To satisfy tax withholding on the vesting, 3,861 of those shares were withheld/disposed (transaction code F) at an imputed price of $32.16, totaling $124,170.
• Net new shares retained by Klingler from the vesting: 4,794 shares (8,655 vested − 3,861 withheld). The award itself shows $0 acquisition price because it was a vested performance award.

Key Details

• Transaction date: July 7, 2026; Form 4 filed July 8, 2026 (timely).
• Award: 8,655 shares (vesting of a 2023 performance share award — footnote F1).
• Tax withholding: 3,861 shares withheld to cover tax obligations at $32.16/share, $124,170 (footnote F2; cashless share withholding).
• Net increase in holdings from this event: 4,794 shares (filing does not state total outstanding shares owned after the transaction).

Context

• This was a vesting of previously granted performance shares, not an open-market purchase or a voluntary sale; withholding shares to pay taxes is a routine administrative step and commonly reported as a disposition.
• For retail investors, purchases or open-market buys can be stronger signals of insider confidence than routine vesting transactions; this filing documents standard compensation vesting and tax withholding rather than a discretionary buy or sell.