Form 4: Metallus Inc. EVP General Counsel Kristine C. Syrvalin Sells Shares
SEC Form 4 Filing
Kristine C. Syrvalin, EVP General Counsel of Metallus Inc., sold 9,005 common shares on March 4, 2024, at a weighted average price of $20.3721 per share.
Summary
- On March 4, 2024, Kristine C. Syrvalin, the EVP General Counsel of Metallus Inc., sold 9,005 common shares.
- The shares were sold at a weighted average price of $20.3721, with individual prices ranging from $20.185 to $21.00.
- Following the transaction, Syrvalin directly owns 89,858 common shares.
- Syrvalin also indirectly owns 5,588 shares through a 401(k) plan.
- The sale was executed under a pre-arranged trading plan (Rule 10b5-1(c)) adopted on August 24, 2023.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a share sale by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of a transaction by a company insider. It's common for executives to have pre-arranged trading plans to sell shares over time.
Stakeholder Impact
- The sale of shares by an executive could have a minor impact on shareholder sentiment, but is unlikely to be significant given the relatively small number of shares sold and the existence of a pre-arranged trading plan.
Key Dates
| Date | Description |
|---|---|
| 2023/08/24 | Date of adoption of the written plan for the sale of the Company's common shares intended to satisfy the affirmative defense conditions of Exchange Act Rule 10b5-1(c). |
| 2024/03/04 | Date of the transaction where 9,005 common shares were sold. |
| 2024/03/05 | Date of signature of the Form 4 filing. |
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