Form 4: Metallus Inc. Director Ken V. Garcia Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Ken V. Garcia reports acquisition of phantom shares in Metallus Inc. through a deferred compensation plan.
Summary
- On December 31, 2024, Ken V. Garcia, a director of Metallus Inc. [MTUS], acquired 1,858 phantom shares.
- These phantom shares are equivalent to common shares and are payable in cash or common shares upon termination of service on the Board of Directors.
- The price of the phantom shares is $14.13.
- Following the transaction, Garcia beneficially owns 17,836 phantom shares directly.
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 |
|---|---|
| 12/31/2024 | Date of transaction: Acquisition of phantom shares. |
| 01/02/2025 | Date of signature on the Form 4 filing. |
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