Form 4: U.S. Steel Director Paul Mascarenas Reports Tax Withholding on RSU Vesting
SEC Form 4 Filing
Paul Mascarenas, 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, Paul Mascarenas, a director of United States Steel Corporation, had 38 shares of common stock withheld to cover taxes related to the vesting of RSUs.
- The shares were withheld at a price of $36.86 per share.
- Following the transaction, Mascarenas directly owns 72,989.383 shares of United States Steel Corporation common stock.
Sentiment
Score: 5
Explanation: The document reflects a routine transaction (tax withholding on RSU vesting), so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of insider trading regulations, 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 transaction: Tax withholding on vesting of RSUs. |
| 04/29/2024 | Date of signature on the Form 4 filing. |
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