Worthington Steel exec granted 6,110 restricted shares
Larivey Clifford reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Larivey Clifford reported acquisition or exercise transactions in this Form 4 filing.
Worthington Steel, Inc. reported that executive Clifford Larivey, President Flat Rolled Steel Processing, received a grant of 6,110 common shares as restricted stock compensation. The shares were awarded at no cash cost per share and increase his direct holdings to 70,418 common shares.
The restricted stock was granted under the Worthington Steel Inc. 2023 Long-Term Incentive Plan and will vest on the third anniversary of the grant date on June 26, 2029. Until vesting, the award remains subject to the plan’s terms and continued service conditions.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 6,110 | $0.00 | $0.00 |
Footnotes (1)
- F1. An award of restricted stock was granted pursuant to the Worthington Steel Inc. 2023 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date (6/26/2029).
Key Figures
Key Terms
restricted stock financial
2023 Long-Term Incentive Plan financial
vesting financial
Form 4 regulatory
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