Form 4: U.S. Steel Director Alicia J. Davis Reports Tax Withholding on RSU Vesting

Director Alicia J. Davis reports tax withholding on the vesting of Restricted Stock Units (RSUs) granted under U.S. Steel's Non-Employee Director Compensation Policy.

Summary

• On April 25, 2024, Alicia J. Davis, a director of United States Steel Corporation, had 70 shares of common stock withheld for tax purposes.
• This was due to the vesting of Restricted Stock Units (RSUs) granted on April 25, 2023, under the Corporation's Non-Employee Director Compensation Policy.
• The price per share for the tax withholding was $36.86.
• Following the transaction, Davis beneficially owns 9,624 shares of United States Steel Corporation common stock.

Sentiment

Score: 7

Explanation: The document reflects a routine transaction related to director compensation. It's neutral in nature and doesn't indicate any significant positive or negative developments for the company.

Industry Context

This is a routine filing related to director compensation and is common for publicly traded companies. It reflects standard practices for equity-based compensation and tax obligations.

Comparison to Industry Standards

• Equity compensation for board members is a common practice across publicly traded companies.
• Tax withholding on vesting RSUs is a standard procedure.
• Comparable companies such as Nucor, ArcelorMittal, and Commercial Metals Company also utilize equity-based compensation for their directors, which are subject to similar tax regulations.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it relates to standard director compensation practices.

Key Dates