Form 4: Worthington Steel Executive Reports Performance Share Vesting and Tax-Related Share Disposition

Worthington Steel, Inc. President of Flat Rolled Steel Processing, Clifford Larivey, reported the vesting of 4,521 performance share awards and the subsequent disposition of 2,051 shares for tax withholding purposes.

Summary

• Clifford Larivey, President of Flat Rolled Steel Processing at Worthington Steel, Inc. (WS), reported transactions on July 8, 2025.
• Acquired 4,521 common shares through the vesting of a performance share award granted in 2022.
• Disposed of 2,051 common shares at a price of $31.75 per share to cover tax withholding obligations related to the performance share vesting.
• Following these transactions, Clifford Larivey beneficially owns 70,484 common shares directly.

Sentiment

Score: 7

Explanation: The vesting of performance shares is a positive event for the executive, indicating successful achievement of performance targets. The subsequent sale of shares for tax purposes is a routine and expected part of equity compensation.

Positives

• Vesting of 4,521 performance share awards indicates the achievement of previously set performance criteria.
• The acquisition of shares at a $0 price reflects compensation through equity awards.

Negatives

• Disposition of 2,051 shares, though for tax purposes, reduces the direct beneficial ownership of the reporting person.

Industry Context

This is an insider transaction report, reflecting executive compensation practices within the steel processing industry, rather than broader industry trends.

Comparison to Industry Standards

• The reported transaction details a standard executive compensation event involving performance share vesting and subsequent tax withholding, which is a common practice across various industries for equity-based compensation.

Related Party Transactions

• The reported transactions involve an officer of Worthington Steel, Inc. and are considered related party dealings as part of executive compensation.

Stakeholder Impact

• Shareholders: The vesting and subsequent tax-related sale of shares by an executive is a routine event and generally has minimal direct impact on the broader shareholder base, though it reflects the company's executive compensation structure.
• Employees: No direct impact on general employees.

Key Dates

Keywords

Worthington Steel, WS, Clifford Larivey, SEC filing, Form 4, insider transaction, performance share award, stock vesting, share disposition, tax withholding, executive compensation