Form 4: Worthington Steel Controller Steven R. Witt Reports Stock Transaction
SEC Form 4 Filing
Worthington Steel's Controller, Steven R. Witt, reports the disposal of 919 common shares to cover tax obligations upon vesting of restricted stock on June 25, 2024.
Summary
- On June 25, 2024, Steven R. Witt, Controller of Worthington Steel, disposed of 919 common shares.
- The transaction was executed to cover tax withholding obligations related to the vesting of restricted stock.
- The shares were disposed of at a price of $30.67 per share.
- Following the transaction, Witt directly owns 34,369 common shares.
Sentiment
Score: 5
Explanation: The document reports a routine stock transaction related to tax obligations, which is neither particularly positive nor negative.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This transaction is related to tax obligations on vested stock, which is a common occurrence.
Stakeholder Impact
- The transaction has a minimal impact on stakeholders as it is a routine disposal of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/25/2024 | Date of the stock transaction where 919 common shares were disposed of to cover tax obligations. |
| 06/27/2024 | Date of signature for the Form 4 filing. |
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