Form 4: Metallus Inc. Director Ken V. Garcia Reports Acquisition of Phantom Shares

Director Ken V. Garcia reports acquisition of 1,965 phantom shares of Metallus Inc. on March 31, 2025.

Summary

• Ken V. Garcia, a director of Metallus Inc. (MTUS), filed a Form 4 on April 1, 2025, reporting a transaction.
• On March 31, 2025, Garcia acquired 1,965 phantom shares, each equivalent to one common share of Metallus Inc.
• The phantom shares were acquired at a price of $13.36 per share.
• Following the transaction, Garcia beneficially owns 19,801 derivative securities.
• These phantom shares are payable in cash and/or common shares upon termination of Garcia's service on the Board of Directors, based on his election under the Metallus Inc. Director Deferred Compensation Plan.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, indicating a neutral sentiment. It reflects a director's acquisition of phantom shares, which is part of their compensation plan.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a director's continued investment in the company's future.

Stakeholder Impact

• The acquisition of phantom shares by a director signals confidence in the company's future performance, which can positively influence shareholder sentiment.

Key Dates

Keywords

Form 4, Metallus Inc., Ken V. Garcia, phantom shares, derivative securities, director, beneficial ownership, MTUS, Director Deferred Compensation Plan