Form 4: Worthington Steel CEO Geoffrey Gilmore Reports Share Withholding for Tax Obligations
SEC Form 4 Filing
Worthington Steel's CEO, Geoffrey Gilmore, reported the withholding of 8,783 common shares to cover tax obligations upon the vesting of restricted stock on June 25, 2024.
Summary
- On June 25, 2024, Geoffrey G. Gilmore, President and CEO of Worthington Steel, had 8,783 common shares withheld to satisfy tax obligations related to the vesting of restricted stock.
- The shares were withheld at a price of $30.67 per share.
- Following the transaction, Gilmore directly owns 222,075 common shares.
Sentiment
Score: 7
Explanation: The document reflects a neutral event (tax withholding) and doesn't indicate any positive or negative sentiment regarding the company's performance or future prospects. It's a routine disclosure.
Industry Context
Form 4 filings are standard disclosures required by the SEC when insiders, such as officers and directors, trade in their company's stock. This filing indicates a routine transaction related to tax obligations on vested stock.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Date of share withholding for tax obligations. |
| 06/27/2024 | Date of signature on the Form 4 filing. |
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