Form 4: U.S. Steel CFO Jessica Graziano Reports Stock Transactions

Jessica Graziano, SVP & CFO of United States Steel Corp, reports multiple transactions involving the company's common stock, including acquisitions and disposals related to vesting of restricted stock units.

Summary

• Jessica Graziano, the SVP & CFO of United States Steel Corp, filed a Form 4 detailing changes in her beneficial ownership of the company's stock.
• On February 25, 2025, Graziano acquired 10,072 shares of common stock through the vesting of performance-based restricted stock units (RSUs) granted on August 8, 2022, based on ROCE performance criteria.
• She also acquired 3,587 RSUs based on 2024 performance criteria for the 2023-2025 ROCE performance award, 2,257 RSUs for the 2024-2026 ROCE performance award, and 5,322 performance-based RSUs granted on August 8, 2022, based on TSR performance criteria.
• Additionally, she acquired 2,998 RSUs based on 2024 performance criteria for the 2023-2025 TSR performance award and 51,010 RSUs that vest ratably over three years.
• On the same day, she disposed of 5,713 shares and 3,343 shares to cover tax withholdings on the vesting of ROCE-based and TSR-based performance RSUs, respectively, at a price of $37.74 per share.
• Following these transactions, Graziano directly owns 169,376 shares of United States Steel Corporation Common Stock and indirectly owns 2,563.339 shares through a 401(k) plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral. The filing reflects routine transactions related to executive compensation. The vesting of RSUs based on performance criteria is a slightly positive indicator, but the tax-related disposals offset this.

Positives

• The vesting of performance-based RSUs indicates that the company met certain ROCE and TSR performance criteria.
• The grant of 51,010 RSUs suggests continued investment in the company's leadership.

Negatives

• The disposal of shares to cover tax withholdings, while standard, slightly reduces Graziano's direct holdings in the company.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they reflect standard executive compensation practices.
• Employees may view the vesting of performance-based RSUs as a positive sign of the company's performance.

Key Dates