---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-23-071123"
form_type: "8-K"
ticker: "MTUS"
cik: "0001598428"
company_name: "Metallus Inc."
filed_at: "2023-12-18T23:59:59+00:00"
generated_at: "2026-06-07T11:18:27.905492+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# TimkenSteel grants performance-based stock units tied to share price targets of $35-$50 through 2026

## Summary
- CEO Williams received 80,000 target PRSUs; three other NEOs each received 40,000 target PRSUs.
- PRSUs pay out at 0% if avg share price <$35, 50% at $35, 100% at $40, up to 200% at $50+.
- Performance period runs Dec 1, 2023 to Dec 31, 2026; earned units vest in two equal installments in 2027 and 2028.
- Payout capped at $60 per earned PRSU; PRSUs forfeited for voluntary departures before vesting.
- Purpose is to align executive compensation with value creation and support retention through transformation strategies.

## SEC filing metadata
- accession: 0000950170-23-071123
- form_type: 8-K
- ticker: MTUS
- cik: 0001598428
- company_name: Metallus Inc.
- filed_at: 2023-12-18T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1598428/000095017023071123/0000950170-23-071123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1598428/000095017023071123/tmst-20231215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-071123
- JSON: https://secwatch.observer/filing/0000950170-23-071123.json
- Plain text: https://secwatch.observer/filing/0000950170-23-071123.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.