Form 4: U.S. Steel Executive Scott D. Buckiso Reports Stock Disposals for Tax Withholding
SEC Form 4 Filing
Scott D. Buckiso, SVP & Chief Mfg Officer NAFR at United States Steel Corp, reported disposals of common stock to cover tax obligations related to vesting Restricted Stock Units (RSUs).
Summary
- Scott D. Buckiso, a Senior Vice President and Chief Manufacturing Officer at United States Steel Corporation, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- The report indicates that on February 27, 2025, 3,441 shares of common stock were disposed of at a price of $38.99 per share to cover tax withholding on vesting RSUs granted on February 27, 2024.
- Additionally, on February 28, 2025, 3,124 shares were disposed of at $39.61 per share for tax withholding on vesting RSUs granted on February 28, 2023.
- Following these transactions, Buckiso directly owns 213,814 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 document reflects routine 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.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations and do not represent a change in the company's fundamentals.
Key Dates
| Date | Description |
|---|---|
| 02/28/2023 | Date of RSU grant related to stock disposal on February 28, 2025 |
| 02/27/2024 | Date of RSU grant related to stock disposal on February 27, 2025 |
| 02/27/2025 | Disposal of 3,441 shares at $38.99 for tax withholding. |
| 02/28/2025 | Disposal of 3,124 shares at $39.61 for tax withholding. |
| 03/03/2025 | Date of Form 4 filing. |
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