Form 4: Metallus Inc. Director Ken V. Garcia Reports Acquisition of Phantom Shares
SEC Form 4 Filing
Director Ken V. Garcia reports acquisition of 1,770 phantom shares of Metallus Inc. on September 30, 2024.
Summary
- Ken V. Garcia, a director of Metallus Inc. (MTUS), filed a Form 4 on October 1, 2024, reporting a transaction.
- On September 30, 2024, Garcia acquired 1,770 phantom shares.
- These phantom shares are equivalent to common shares and are payable in cash or common shares upon termination of Garcia's service on the Board of Directors, as elected under the Metallus Inc. Director Deferred Compensation Plan.
- Following the reported transaction, Garcia beneficially owns 15,978 phantom shares directly.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to director compensation and holdings, common in publicly traded companies.
Stakeholder Impact
- The acquisition of phantom shares aligns the director's interests with those of the shareholders.
Key Dates
| Date | Description |
|---|---|
| 09/30/2024 | Date of transaction: Acquisition of 1,770 phantom shares. |
| 10/01/2024 | Date of Form 4 filing. |
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