Form 4: U.S. Steel Executive James E. Bruno Reports Stock Transactions
SEC Form 4
James E. Bruno, SVP of Business Development at United States Steel Corp, reports acquisition and disposal of company stock due to vesting of restricted stock units and tax withholdings.
Summary
- James E. Bruno, SVP of Business Development at United States Steel Corp, filed a Form 4 detailing changes in beneficial ownership of the company's stock on February 27, 2025.
- The transactions include the vesting of performance-based restricted stock units (RSUs) granted on February 22, 2022, based on ROCE performance criteria, and TSR performance awards.
- Tax withholdings related to the vesting of these RSUs are also reported.
- Additionally, RSUs earned based on 2024 performance criteria for ROCE and TSR performance awards are included.
- A grant of RSUs that vest ratably over three years is also reported.
- Following these transactions, Bruno directly owns 168,903 shares of United States Steel Corporation Common Stock and indirectly owns 6,164.748 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive, with no inherent positive or negative sentiment.
Future Outlook
RSUs granted on February 25, 2025, vest ratably over three years.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of shares.
- Employees participating in the 401(k) plan may be indirectly affected by the stock ownership changes.
Key Dates
| Date | Description |
|---|---|
| February 22, 2022 | Date of grant for performance-based RSUs (ROCE and TSR). |
| February 28, 2023 | Partial vesting of ROCE-based RSUs. |
| February 27, 2024 | Partial vesting of ROCE and TSR-based RSUs. |
| February 25, 2025 | Vesting of remaining ROCE and TSR-based RSUs; tax withholding; earning of RSUs based on 2024 performance criteria. |
| February 27, 2025 | Date of Form 4 filing. |
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