Form 4: Metallus Inc. Director Ken V. Garcia Reports Acquisition of Phantom Shares
SEC Form 4 Filing
Director Ken V. Garcia reports acquisition of 1,011 phantom shares of Metallus Inc. on March 29, 2024.
Summary
- Ken V. Garcia, a director of Metallus Inc. (MTUS), filed a Form 4 on April 1, 2024, reporting a transaction.
- On March 29, 2024, Garcia acquired 1,011 phantom shares at a price of $22.25 per share.
- Following the transaction, Garcia directly owns 12,987 phantom shares.
- These phantom shares are payable in cash or common shares upon termination of Garcia's service on the Board of Directors, as elected by Garcia under the Metallus Inc. Director Deferred Compensation Plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, indicating a neutral sentiment.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| 03/29/2024 | Date of transaction: Acquisition of phantom shares. |
| 04/01/2024 | Date of Form 4 filing. |
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