Form 4: U.S. Steel Director Patricia Tracey Reports Tax Withholding on RSU Vesting
SEC Form 4 Filing
Patricia Tracey, a director at United States Steel Corp, reported a transaction involving the withholding of shares to cover taxes on the vesting of Restricted Stock Units (RSUs).
Summary
- On April 25, 2024, Patricia A. Tracey, a director of United States Steel Corporation, had 70 shares of common stock withheld to cover taxes.
- This withholding was related 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 withholding was $36.86.
- Following the transaction, Tracey directly owns 94,071.416 shares of United States Steel Corporation common stock.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing related to tax withholding on vested RSUs, and does not indicate any significant positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates a standard tax withholding procedure related to equity compensation.
Key Dates
| Date | Description |
|---|---|
| 04/25/2023 | Date of RSU grant under the Corporation's Non-Employee Director Compensation Policy. |
| 04/25/2024 | Date of tax withholding on the vesting of RSUs. |
| 04/29/2024 | Date of signature on the Form 4 filing. |
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