Form 4: U.S. Steel Executive Reports Stock Disposals for Tax Withholding

Duane D. Holloway, SVP, GC & CCO of United States Steel Corp, reported the disposal of shares to cover tax obligations related to vesting Restricted Stock Units (RSUs).

Summary

• Duane D. Holloway, a Senior Vice President, General Counsel, and Chief Compliance Officer at United States Steel Corporation, filed a Form 4 detailing changes in beneficial ownership.
• The report indicates the disposal of U.S. Steel common stock on February 27, 2025, and February 28, 2025, to cover tax withholdings on vesting RSUs.
• On February 27, 2025, 3,544 shares were disposed of at a price of $38.99.
• On February 28, 2025, 3,217 shares were disposed of at a price of $39.61.
• Following these transactions, Holloway directly owns 209,170 shares of U.S. Steel common stock and indirectly owns 4,957.287 shares through a 401(k) plan.

Sentiment

Score: 5

Explanation: The document reflects routine executive stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

Executive stock transactions are a normal part of corporate governance and compensation practices. Disposals for tax purposes are common when RSUs vest.

Comparison to Industry Standards

• Executive compensation practices, including the use of RSUs, are common across publicly traded companies.
• Tax withholding on vesting RSUs is a standard procedure.
• The reported transactions are consistent with typical executive stock management.

Stakeholder Impact

• The transactions are unlikely to have a significant impact on stakeholders as they are related to routine tax obligations.

Key Dates