Worthington Steel (WS) executive sells 11,105 shares and exercises stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worthington Steel, Inc. executive Clifford Larivey exercised stock options and sold shares in a mixed Form 4 transaction. On May 22, 2026, he sold 11,105 Common Shares in an open-market transaction at a weighted average price of $40.0945 per share, with actual prices ranging from $40.00 to $40.41. He also exercised several non-qualified stock options to acquire a total of 4,929 Common Shares at exercise prices of $14.37, $21.51, $33.36, and $34.10 per share. Following these transactions, he directly holds 64,308 Common Shares, and the option records indicate that at least one option grant was fully exercised.
Positive
- None.
Negative
- None.
Insights
Routine option exercises paired with an open-market sale, with substantial shares retained.
President of Flat Rolled Steel Processing, Clifford Larivey, exercised non-qualified stock options for 4,929 Common Shares at strike prices between $14.37 and $34.10. These options were granted under the Worthington Steel, Inc. 2023 Long Term Incentive Plan and show normal vesting schedules.
He also executed an open-market sale of 11,105 Common Shares at a weighted average price of $40.0945, with individual trades between $40.00 and $40.41. After the transactions, he directly holds 64,308 Common Shares, and the derivative summary shows no remaining options from the exercised grants.
The pattern reflects a common combination of option exercises and partial share monetization rather than a full exit. Future company filings may provide additional context on any remaining awards or subsequent transactions.
Insider Trade Summary 10b5-1
Net Seller: 11,105 shares ($445,249)
Net Sell
9 txns
Insider
Larivey Clifford
Role
President Flat Rolled Stl Proc
Sold
11,105 shs ($445K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Non-Qualified Stock Option (Right to Buy) | 1,399 | $0.00 | -- |
| Exercise | Non-Qualified Stock Options (right to buy) | 2,046 | $0.00 | -- |
| Exercise | Non-Qualified Stock Options (right to buy) | 874 | $0.00 | -- |
| Exercise | Non-Qualified Stock Option (right to buy) | 610 | $0.00 | -- |
| Exercise | Common Shares | 1,399 | $21.51 | $30K |
| Exercise | Common Shares | 2,046 | $14.37 | $29K |
| Exercise | Common Shares | 874 | $33.36 | $29K |
| Exercise | Common Shares | 610 | $34.10 | $21K |
| Sale | Common Shares | 11,105 | $40.0945 | $445K |
Holdings After Transaction:
Non-Qualified Stock Option (Right to Buy) — 1,400 shares (Direct, null);
Non-Qualified Stock Options (right to buy) — 0 shares (Direct, null);
Non-Qualified Stock Option (right to buy) — 1,240 shares (Direct, null);
Common Shares — 71,883 shares (Direct, null)
Footnotes (1)
- The price reported is a weighted average price. These common shares were sold in multiple transactions at prices ranging from $40.00 to $40.41, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of common shares sold at each separate price within the ranges set forth. This non-qualified stock option was granted pursuant to the Worthington Steel, Inc. 2023 Long Term Incentive Plan. The date listed is the date that fifty percent of the stock options will vest. The remaining fifty percent will vest on June 30, 2026 This non-qualified stock option was granted pursuant to the Worthington Steel, Inc. 2023 Long Term Incentive Plan. The date listed is date on which this option became fully exercisable. This non-qualified stock option was granted pursuant to the Worthington Steel, Inc. 2023 Long Term Incentive Plan. The date listed is the first day any portion of the option will vest. Additional portions of 33.33% of the option vest annually on June 28, 2026 and June 28,2027. This non-qualified stock option was granted pursuant to the Worthington Steel, Inc. 2023 Long Term Incentive Plan. The date listed is the first day any portion of the option will vest. Additional portions of 33.33% of the option vest annually on December 20, 2026 and December 20, 2027
Key Figures
Shares sold: 11,105 shares
Weighted average sale price: $40.0945 per share
Shares from option exercises: 4,929 shares
+5 more
8 metrics
Shares sold
11,105 shares
Open-market sale of Common Shares on May 22, 2026
Weighted average sale price
$40.0945 per share
Sale price range $40.00–$40.41
Shares from option exercises
4,929 shares
Common Shares acquired via non-qualified stock option exercises
Post-transaction holdings
64,308 shares
Common Shares held directly after transactions
Option strike price
$14.37 per share
One non-qualified stock option grant exercise price
Option strike price
$21.51 per share
One non-qualified stock option grant exercise price
Option strike price
$33.36 per share
One non-qualified stock option grant exercise price
Option strike price
$34.10 per share
One non-qualified stock option grant exercise price
Key Terms
Non-Qualified Stock Option, weighted average price, Long Term Incentive Plan, open-market sale, +1 more
5 terms
Non-Qualified Stock Option financial
"This non-qualified stock option was granted pursuant to the Worthington Steel, Inc. 2023 Long Term Incentive Plan."
A non-qualified stock option (NSO) is a contract that lets an employee or service provider buy company shares at a fixed price for a set period, like a voucher to purchase stock later at today’s price. It matters to investors because exercising NSOs creates ordinary income for the holder and can increase share count, affecting a company’s earnings and ownership mix; think of it as a future sale that can dilute existing shareholders and has immediate tax consequences for the recipient.
weighted average price financial
"The price reported is a weighted average price. These common shares were sold in multiple transactions..."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Long Term Incentive Plan financial
"This non-qualified stock option was granted pursuant to the Worthington Steel, Inc. 2023 Long Term Incentive Plan."
A long term incentive plan is a company program that awards executives and key employees bonuses—often in stock, options, or cash—only if the business meets multi-year performance goals. It links management pay to company results—like tying a coach’s bonus to a team’s multi-season record—so investors monitor it for how leaders are motivated, potential share dilution, and signals about the company’s long-term priorities.
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
FAQ
What did Worthington Steel (WS) executive Clifford Larivey report in this Form 4?
Clifford Larivey reported both option exercises and a share sale. He exercised non-qualified stock options for 4,929 Common Shares and sold 11,105 Common Shares in an open-market transaction, while continuing to hold a sizable direct stake afterward.
Which stock options did Clifford Larivey exercise in this Worthington Steel (WS) filing?
Larivey exercised several non-qualified stock option grants into 4,929 Common Shares. The options carried exercise prices of $14.37, $21.51, $33.36, and $34.10 per share and were issued under the Worthington Steel, Inc. 2023 Long Term Incentive Plan.
Were Clifford Larivey’s option exercises tied to Worthington Steel’s 2023 Long Term Incentive Plan?
Yes, all the reported non-qualified stock options were granted under the 2023 Long Term Incentive Plan. Footnotes explain vesting schedules and indicate when each option first became exercisable or when portions will vest in future years.
Does this Worthington Steel (WS) Form 4 indicate any remaining options for Clifford Larivey from these grants?
The filing shows at least one option grant fully exercised and others partially outstanding. Derivative transaction lines list remaining option balances, while one grant’s post-transaction balance is zero, indicating it was completely exercised.