Filing Details
- Accession Number:
- 0000950170-23-071206
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2023-12-18 18:00:11
- Reporting Period:
- 2023-12-15
- Accepted Time:
- 2023-12-18 18:00:11
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 1598428 | Timkensteel Corp | TMST | Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312) | 464024951 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1638813 | R Kristopher Westbrooks | 1835 Dueber Ave. Sw Canton OH 44706 | Evp, Chief Financial Officer | No | No | No | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Shares | Acquisiton | 2023-12-18 | 3,520 | $5.26 | 174,983 | No | 4 | M | Direct | |
| Common Shares | Acquisiton | 2023-12-18 | 4,137 | $12.45 | 179,120 | No | 4 | M | Direct | |
| Common Shares | Disposition | 2023-12-18 | 7,657 | $23.00 | 171,463 | No | 4 | S | Direct |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | M | Direct | |
| No | 4 | M | Direct | |
| No | 4 | S | Direct |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Shares | Performance-Based Restricted Share Units | Acquisiton | 2023-12-15 | 40,000 | $0.00 | 40,000 | $0.00 |
| Common Shares | Nonqualified Stock Option (Right to buy) | Disposition | 2023-12-18 | 3,520 | $0.00 | 3,520 | $5.26 |
| Common Shares | Nonqualified Stock Option (Right to buy) | Disposition | 2023-12-18 | 4,137 | $0.00 | 4,137 | $12.45 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 40,000 | No | 4 | A | Direct | ||
| 52,668 | 2030-03-02 | No | 4 | M | Direct | |
| 28,963 | 2029-03-01 | No | 4 | M | Direct |
Footnotes
- Each Performance-Based Restricted Share Unit ("PRSU") represents the right to receive one Issuer Common Share (or a cash payment equivalent thereto), plus cash dividend equivalents as applicable.
- In general, the PRSUs can be earned from 0% to 200% depending on the degree to which the Issuer's Common Shares satisfy up to seven specified average closing price goals (based on 20 consecutive trading days' achievement of a specified 20-trading-day average price) (the "Average Share Price Goals") from December 1, 2023 through December 31, 2026. Generally, PRSUs earned based on the Average Share Price Goals (or, if earlier, based upon performance evaluation through a change in control of the Issuer) then generally pay out (subject to a payment cap) in two equal installments in early 2027 and 2028, subject to certain alternative terms for death, disability or termination without cause.
- Vests in four equal annual installments beginning March 2, 2021.
- Vests in four equal annual installments beginning March 1, 2020.
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