On February 3, 2026, Jon J. Bowsher, director of Worthington Steel (NYSE: WS)acquired 2,500 shares of common stock in an open market purchase, as reported in the SEC Form 4 filing.
|
Metric |
Worth |
|---|---|
|
Shares traded (direct) |
2,500 |
|
Transaction value |
~$100,375 |
|
Post-transaction actions (direct) |
17,893 |
|
Post-transaction value (direct ownership) |
~$794,628 |
Transaction value based on SEC Form 4 weighted average purchase price ($40.15); post-transaction value based on market close on February 3, 2026 ($794,628.13).
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What proportion of Jon J. Bowsher’s direct holdings did this purchase represent?
The acquisition increased Bowsher’s direct ownership by 16.24%, moving his stake from 15,393 to 17,893 shares. -
Were there any indirect or derivative instruments involved in this transaction?
No, the presentation reflects direct ownership exclusively, without involvement of trusts, LLCs or options. -
How does the transaction price compare to the market price on the day of purchase?
Following the transaction, the weighted average purchase price was $40.15 per share, below the market opening and closing prices on February 3, 2026. -
What is the immediate impact on Bowsher’s overall equity exposure in Worthington Steel?
Following the transaction, Bowsher’s direct holdings are valued at approximately $794,628.13, representing 0.0352% of the company’s outstanding shares as of February 3, 2026.
|
Metric |
Worth |
|---|---|
|
Revenue (TTM) |
$3.27 billion |
|
Net income (TTM) |
$125.10 million |
|
Dividend yield |
1.54% |
|
1 year price change (as of February 28, 2026) |
48.59% |
Worthington Steel operates as a steel processor in North America and offers carbon flat rolled steel, custom welded blanks, electrical steel rollings and custom welded aluminum blanks. The company serves the automotive, heavy truck, agriculture, construction and energy sectors throughout North America by supplying a variety of steel products.
Worthington Steel is close to completing its acquisition agreement with German steel producer Kloeckner & Co. In mid-February 2026, members of Kloeckner’s board of directors gave their approval to the proposed deal, which is expected to close in the second half of 2026.
Worthington is expected to buy the company for $2.4 billion, offering German stock market shareholders about $13 in cash per share. The deal is expected to make the combined entity the second-largest steel hub in North America, as Kloeckner currently operates approximately 110 sites in North America and Europe.
With a strong value in steel processing and a key contributor to the automotive, construction and technology sectors, Worthington Steel will be even more sought after thanks to its increased resources and assets. The stock has remained steady since its December 2023 IPO, and share prices have increased each year since, already up 19% in 2026 (as of February 28).