Form 4: Worthington Steel Controller Steven R. Witt Reports Share Disposal for Tax Obligations
SEC Form 4 Filing
Steven R. Witt, Controller of Worthington Steel, disposed of 2,930 common shares on April 14, 2025, to cover tax obligations related to vesting restricted stock.
Summary
- On April 14, 2025, Steven R. Witt, Controller of Worthington Steel, disposed of 2,930 common shares.
- The shares were disposed of to satisfy tax withholding obligations upon the vesting of restricted stock.
- The transaction was executed at a price of $23.81 per share.
- Following the transaction, Witt directly owns 37,995 common shares.
Sentiment
Score: 5
Explanation: This is a neutral transaction related to tax obligations, with no inherent positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock. This transaction is related to tax obligations, which is a common reason for share disposals.
Key Dates
| Date | Description |
|---|---|
| 04/14/2025 | Date of transaction: Disposal of 2,930 common shares. |
| 04/17/2025 | Date of signature on the Form 4 filing. |
Keywords
Worthington Steel, Form 4, insider trading, share disposal, tax obligations, Steven R. Witt, Controller, restricted stock, vesting
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