Form 4: Worthington Steel Executive Reports Routine Stock Disposition for Tax Obligations
Insider Transaction Report
Worthington Steel, Inc. President Clifford Larivey reported the disposition of 3,076 common shares at $25.69 each to cover tax withholding obligations related to restricted stock vesting.
Summary
- Clifford Larivey, President of Flat Rolled Steel Processing at Worthington Steel, Inc. (WS), reported a transaction on June 24, 2025.
- The transaction involved the disposition of 3,076 common shares.
- These shares were withheld at a price of $25.69 per share to satisfy tax withholding obligations upon the vesting of restricted stock.
- Following this transaction, Mr. Larivey beneficially owns 61,849 common shares directly.
Sentiment
Score: 5
Explanation: The transaction is a routine disposition of shares for tax withholding purposes upon restricted stock vesting, indicating a neutral impact on company sentiment as it's a standard compensation event.
Future Outlook
N/A
Industry Context
N/A
Stakeholder Impact
- Shareholders: Minimal impact as this is a routine, non-discretionary transaction related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| 06/24/2025 | Date of transaction where shares were withheld for tax obligations. |
| 06/26/2025 | Date the Form 4 was signed by the reporting person's attorney-in-fact. |
Keywords
Worthington Steel, WS, Clifford Larivey, SEC Form 4, Insider Transaction, Stock Disposition, Tax Withholding, Restricted Stock, Executive Compensation
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