Michael S. Williams - Mar 4, 2024 Form 4 Insider Report for TimkenSteel Corp (MTUS)

Signature
/s/ Kristine C. Syrvalin, as Attorney-in-Fact
Stock symbol
MTUS
Transactions as of
Mar 4, 2024
Transactions value $
-$353,504
Form type
4
Date filed
3/5/2024, 07:00 PM
Previous filing
Mar 4, 2024
Next filing
Mar 12, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MTUS Common Shares Sale -$354K -17.4K -2.29% $20.37 740K Mar 4, 2024 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Price reported is the weighted average sale price for shares sold by the reporting owner on March 4, 2024. Shares were sold at a variety of prices ranging from $20.19 to $20.925.

Remarks:

The reporting person adopted a 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) on August 29, 2023. All transactions reported herein were made pursuant to that plan.