Form 4: U.S. Steel Executive Daniel R. Brown Reports Stock Disposal for Tax Withholding

Daniel R. Brown, SVP at U.S. Steel, reports disposing of shares to cover tax obligations related to vesting restricted stock units.

Summary

• Daniel R. Brown, a Senior Vice President at United States Steel Corporation, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
• On July 30, 2024, Brown disposed of 21,451 shares of common stock at a price of $40.49 per share to cover tax withholding obligations.
• This disposal was related to the vesting of retention restricted stock units (RSUs) granted on July 30, 2021, which vested on the third anniversary of the grant date.
• Following the transaction, Brown directly owns 97,954 shares of United States Steel Corporation common stock.
• He also indirectly owns 4,924.742 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: This is a routine regulatory filing related to tax obligations, so the sentiment is neutral.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Disposals for tax obligations are common when restricted stock units vest.

Stakeholder Impact

• The transaction has a minimal impact on shareholders as it is a routine disposal for tax purposes.

Key Dates