Form 4: Steelcase Director Robert C. Pew III Reports Changes in Beneficial Ownership

Director Robert C. Pew III reports changes in beneficial ownership of Steelcase Inc. stock, including the acquisition of Class A Common Stock and adjustments related to a trust.

Summary

• On July 9, 2024, Robert C. Pew III, a director of Steelcase Inc., reported changes in his beneficial ownership of the company's stock.
• He acquired 6,700 shares of Class A Common Stock.
• Following the transaction, Mr. Pew directly owns 193,055 shares of Class A Common Stock and indirectly owns 500 shares through his wife.
• He also indirectly owns 2,216,114 shares of Class A Common Stock through a trust for which he serves as co-trustee.
• Mr. Pew resigned as co-trustee of a trust holding 857,504 shares of Class B Common Stock and no longer reports these shares as beneficially owned.
• Class B Common Stock is convertible to Class A Common Stock on a 1-for-1 basis.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing, so the sentiment is neutral.

Industry Context

This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence for publicly traded companies like Steelcase.

Stakeholder Impact

• The change in beneficial ownership may have a minor impact on shareholders, as it reflects insider activity.
• The resignation as co-trustee may impact the trust beneficiaries.

Key Dates