Form 4: U.S. Steel CEO David Burritt Reports Stock Disposals for Tax Withholding

David B. Burritt, President and CEO of United States Steel Corp, reported the disposal of shares to cover tax obligations related to the vesting of Restricted Stock Units (RSUs).

Summary

• David B. Burritt, the President and CEO of United States Steel Corp, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On February 27, 2025, he disposed of 20,093 shares at a price of $38.99 to cover tax withholding on vesting RSUs granted on February 27, 2024.
• On February 28, 2025, he disposed of 18,242 shares at a price of $39.61 to cover tax withholding on vesting RSUs granted on February 28, 2023.
• Following these transactions, Burritt directly owns 1,196,647 shares of United States Steel Corporation Common Stock.
• He also indirectly owns 290,082 shares through a trust and 11,756.872 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a routine filing related to tax obligations, so it doesn't significantly impact sentiment. It's a neutral event.

Industry Context

Executive stock transactions are a common occurrence, particularly around RSU vesting events. Monitoring these transactions can provide insights into management's perspective on the company's value, although tax-related sales are generally less informative than discretionary trades.

Stakeholder Impact

• The stock disposal has a minimal impact on shareholders as it is related to tax obligations and does not indicate a change in the executive's long-term outlook for the company.

Key Dates