Form 4: U.S. Steel Executive Scott D. Buckiso Exercises Stock Options and Disposes of Shares for Tax Obligations
SEC Form 4 Filing
Scott D. Buckiso, SVP & Chief Mfg Officer NAFR at United States Steel Corp, exercised stock options and disposed of shares to cover exercise price and tax obligations on February 3, 2025.
Summary
- On February 3, 2025, Scott D. Buckiso, a Senior Vice President and Chief Manufacturing Officer at United States Steel Corporation, exercised stock options to acquire 8,880 shares of common stock at a price of $24.78 per share.
- Simultaneously, Mr. Buckiso disposed of 6,965 shares at $36.84 to cover the exercise price and tax obligations associated with the option exercise.
- Following these transactions, Mr. Buckiso directly owns 181,056 shares of United States Steel Corporation common stock and indirectly owns 10,345.12 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard transaction related to stock options and tax obligations.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a routine insider transaction.
Key Dates
| Date | Description |
|---|---|
| 02/24/2016 | Original grant date of the stock options, which vest ratably over three years. |
| 02/03/2025 | Date of the stock option exercise and share disposal. |
| 02/05/2025 | Date of signature on the Form 4 filing. |
| 02/24/2025 | Expiration date of the stock options. |
Keywords
Form 4, Stock Options, Beneficial Ownership, United States Steel Corporation, Scott D. Buckiso, Insider Trading
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