Timothy A. Adams - Dec 22, 2023 Form 4 Insider Report for Worthington Steel, Inc. (WS)

Role: Chief Financial Officer
Signature: /s/ Joseph Y. Heuer, as attorney-in-fact for Timothy A. Adams
Stock symbol: WS
Transactions as of: Dec 22, 2023
Transactions value $: $0
Form type: 4
Date filed: 12/27/2023, 04:20 PM
Previous filing: Dec 5, 2023
Next filing: Mar 11, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WS	Common Shares	Award	$0	+14.5K	+86.98%	$0.00	31.2K	Dec 22, 2023	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	WS	Non-qualified stock option (right to buy)	Award	$0	+1.5K		$0.00	1.5K	Dec 22, 2023	Common Shares	1.5K	$30.55	Direct	F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Four awards of restricted stock of Worthington Steel, Inc. ("WS Restricted Shares) were granted pursuant to the Worthington Steel, Inc. 2023 Long-Term Incentive Plan. The first award of 780 WS Restricted Shares will vest on December 22, 2024, the second award of 2,140 WS Restricted Shares will vest on December 22, 2025, and the third and fourth awards totaling 11,600 of WS Restricted Shares will vest on December 22, 2026.
F2	This non-qualified stock option award was granted pursuant to the Worthington Steel, Inc. 2023 Long-Term Incentive Plan. The date listed is the first day any portion of the option will vest. Additional portions of 33.33% of the option will vest annually on 12/22/25 and 12/22/26.

Content

Four awards of restricted stock of Worthington Steel, Inc. ("WS Restricted Shares) were granted pursuant to the Worthington Steel, Inc. 2023 Long-Term Incentive Plan. The first award of 780 WS Restricted Shares will vest on December 22, 2024, the second award of 2,140 WS Restricted Shares will vest on December 22, 2025, and the third and fourth awards totaling 11,600 of WS Restricted Shares will vest on December 22, 2026.

This non-qualified stock option award was granted pursuant to the Worthington Steel, Inc. 2023 Long-Term Incentive Plan. The date listed is the first day any portion of the option will vest. Additional portions of 33.33% of the option will vest annually on 12/22/25 and 12/22/26.