Worthington Steel’s board chairman sells 2,500 shares amid major acquisition

On February 3, 2026, Jon J. Bushier, Chairman Worthington Steel (NYSE:WS)as reported in an SEC Form 4 filing, acquired 2,500 shares of common stock in an open market purchase.

Transaction value based on SEC Form 4 weighted average purchase price ($40.15); The post-transfer value is the market close based on February 3, 2026 ($794,628.13).

• What proportion of Jon J. Busher’s direct ownership does this purchase represent?
  The acquisition increased Buescher’s direct ownership by 16.24%, moving his stake from 15,393 shares to 17,893 shares.

• Did the transaction involve any indirect or derivative instruments?
  No, the filing reflects direct ownership exclusively, without participation by trusts, LLCs, or options.

• How does the transaction price compare to the market on the day of purchase?
  After the transaction, the average purchase price was $40.15 per share, which was lower than the market opening and closing prices on February 3, 2026.

• What is the immediate effect on Boshear’s total equity exposure at Worthington Steel?
  After the transaction, Bosher’s direct ownership is worth approximately $794,628.13, representing 0.0352% of the company’s shares as of February 3, 2026.

Worthington Steel operates as a steel processor in North America, offering carbon flat-rolled steel, seam-welded blanks, electrical steel laminations, and aluminum tailor-welded blanks. The company serves the automotive, heavy truck, agriculture, construction and energy sectors by supplying a variety of steel products in North America.

Worthington Steel is close to completing its acquisition of German steelmaker Kloeckner & Co. in mid-February 2026. Kloeckner’s board members have approved 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 shareholders on the German stock market about $13 per share in cash. The deal is expected to make the joint venture the second largest steel hub in North America, as Klöckner 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 technical sectors, Worthington Steel will become even more prominent thanks to its vast resources and assets. The stock has held steady since its IPO in December 2023, the share price has risen every year since, and is already up 19% in 2026 (as of February 28).

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Eddie Haynes has no position in any of the listed stocks. The Motley Fool has no position in the stocks mentioned. Motley Fool has a disclosure policy.

Worthington Steel Board Chairman Sells 2,500 Shares Amid Big Acquisition Originally Posted by The Motley Fool