[ EMPLOYEE STOCK PURCHASE PLAN ]
SAVE MORE FOR YOUR FUTUREWorthington Steel offers more ways to save for your future and reach your financial goals.
Employee Stock Purchase Plan
By participating in the Employee Stock Purchase Plan (ESPP), you can buy shares of Worthington Steel common stock through payroll deduction.
To learn more and enroll, view ESPP highlights and complete the election form.
To access your account, contact Broadridge online or call 877-830-4936.
Restricted Stock Awards
Worthington Steel may grant you shares of Restricted Stock. These shares are subject to a vesting schedule and certain conditions, but they give you a stake in the Company’s success, aligning your efforts today with value in the future.
- Once restricted stock is granted, you immediately have voting rights and accrues dividends.
- Restricted stock is “restricted” for three years and cannot be accessed until the entire grant is fully vested.
- Once the restricted stock is fully vested (after three years), it is immediately taxable. Worthington Steel will withhold the number of restricted shares necessary to pay your taxes and the remaining shares will stay in the E*Trade account. You can then choose to keep them or sell the shares.
- Restricted stock has immediate value upon vesting equal to the stock price.
- If you leave the company during the three-year vesting period all restricted stock is forfeited.*
Restricted stock awards are received through an E*Trade from Morgan Stanley account. To learn more, visit E*trade.com or call 800-838-0908 for help logging on, resetting your password, or signing up for alerts.
