Mary Fackler Schiavo - 22 Jan 2026 Form 4 Insider Report for Worthington Steel, Inc. (WS)

Role: Director
Signature: /s/Joseph Y. Heuer, as attorney-in-fact for Mary Schiavo
Issuer symbol: WS
Transactions as of: 22 Jan 2026
Net transactions value: -$20.31
Form type: 4
Filing time: 26 Jan 2026, 17:21:50 UTC
Previous filing: 30 Sep 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
SCHIAVO MARY FACKLER	Director	100 OLD WILSON BRIDGE ROAD, COLUMBUS	/s/Joseph Y. Heuer, as attorney-in-fact for Mary Schiavo	26 Jan 2026	0001194134

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WS	Common Shares	Options Exercise		+292	+0.3%		96,780	22 Jan 2026	Direct	F1
transaction	WS	Common Shares	Disposed to Issuer	$20.31	-1	-0%	$35.14	96,779	22 Jan 2026	Direct

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	Phantom Stock Acquired Under Deferred Compensation Plan	Options Exercise		-292	-1.6%		18,173	22 Jan 2026	Common Shares	292		Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	Each share of WS Phantom Stock was the economic equivalent of one common share of Worthington Steel, Inc. Pursuant to an election made in 2013, the reporting person elected to receive 1/10th of amounts she deferred in 2014 in 2026. The reporting person elected to receive her WS Phantom Stock in common shares of Worthington Steel, Inc. Per the terms of the NQ Plan, all fractional shares are paid in cash.
F2	Represents unfunded theoretical common shares (i.e. phantom stock) of the Issuer ("WS Phantom Shares") credited to a bookkeeping account for the benefit of the Reporting Person under the Worthington Steel, Inc. Non-Qualified Deferred Compensation Plan for Directors ("NQ Plan"). The WS Phantom Shares credited to the Reporting Person's account track common shares of the Issuer on a one-year basis. Distributions are made only in common shares of the Issuer and generally commence upon leaving the Issuer and its subsidiaries.

Content

Each share of WS Phantom Stock was the economic equivalent of one common share of Worthington Steel, Inc. Pursuant to an election made in 2013, the reporting person elected to receive 1/10th of amounts she deferred in 2014 in 2026. The reporting person elected to receive her WS Phantom Stock in common shares of Worthington Steel, Inc. Per the terms of the NQ Plan, all fractional shares are paid in cash.

Represents unfunded theoretical common shares (i.e. phantom stock) of the Issuer ("WS Phantom Shares") credited to a bookkeeping account for the benefit of the Reporting Person under the Worthington Steel, Inc. Non-Qualified Deferred Compensation Plan for Directors ("NQ Plan"). The WS Phantom Shares credited to the Reporting Person's account track common shares of the Issuer on a one-year basis. Distributions are made only in common shares of the Issuer and generally commence upon leaving the Issuer and its subsidiaries.