Form 4: Worthington Steel CFO Timothy Adams Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Worthington Steel's Chief Financial Officer, Timothy Adams, disposed of 1,318 common shares on June 25, 2024, to cover tax obligations related to vesting restricted stock.
Summary
- On June 25, 2024, Timothy Adams, the Chief Financial Officer of Worthington Steel, Inc. disposed of 1,318 common shares.
- The transaction was executed to satisfy tax withholding obligations upon the vesting of restricted stock.
- The shares were disposed of at a price of $30.67 per share.
- Following the transaction, Adams directly owns 29,896 common shares of Worthington Steel.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to stock transactions by a company executive, and does not contain information that would significantly impact investor sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, ensuring transparency and compliance with SEC regulations.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Date of the transaction where 1,318 common shares were disposed of. |
| 06/27/2024 | Date of signature for the Form 4 filing. |
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