Worthington Steel COO reports tax withholding of shares
Worthington Steel, Inc. Chief Operating Officer Jeffrey R. Klingler reported a tax-related share disposition tied to equity compensation.
Rhea-AI Filing Summary
Worthington Steel, Inc. Chief Operating Officer Jeffrey R. Klingler reported a tax-related share disposition tied to equity compensation. On the reported date, 4,898 Common Shares were withheld at $33.58 per share to cover his tax obligations upon the vesting of restricted stock, according to the footnote.
After this tax-withholding disposition, Klingler held 98,904 Common Shares directly. He also reported indirect holdings of 1.22 Common Shares through a 401K and 4,600 Common Shares through an IRA. The filing shows a routine compensation-related tax event rather than an open-market trade.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise Price or Tax Liability: 4,898 shares
Exercise Price or Tax Liability
3 txns
Insider
KLINGLER JEFFREY R
Role
Chief Operating Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 4,898 | $33.58 | $164K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 98,904 shares (Direct);
Common Shares — 4,600 shares (Indirect, By IRA);
Common Shares — 1.22 shares (Indirect, By 401K)
Footnotes (1)
- F1. Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligations upon such vesting.
Key Figures
Shares withheld for taxes: 4,898 shares
Withholding price per share: $33.58/share
Direct shares after transaction: 98,904 shares
+2 more
5 metrics
Shares withheld for taxes
4,898 shares
Withheld upon restricted stock vesting
Withholding price per share
$33.58/share
Value used for tax-withholding disposition
Direct shares after transaction
98,904 shares
Direct Common Shares following tax withholding
Indirect IRA holdings
4,600 shares
Indirect Common Shares held by IRA
Indirect 401K holdings
1.22 shares
Indirect Common Shares held by 401K
Key Terms
restricted stock, tax withholding obligations, transaction code F, 401K, +1 more
5 terms
restricted stock financial
"Represents shares withheld upon the vesting of restricted stock in order to satisfy"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligations financial
"in order to satisfy the reporting person's tax withholding obligations upon such vesting"
transaction code F regulatory
"transaction_code": "F","transaction_type": "non-derivative""
401K financial
"direct_or_indirect": "I","nature_of_ownership": "By 401K""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
IRA financial
"direct_or_indirect": "I","nature_of_ownership": "By IRA""
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Worthington Steel (WS) COO Jeffrey Klingler report in this Form 4?
Jeffrey Klingler reported a tax-related disposition of shares. 4,898 Worthington Steel Common Shares were withheld at $33.58 per share to satisfy tax obligations on restricted stock vesting, a routine compensation and tax event rather than an open-market trade.
Was this Worthington Steel Form 4 an open-market sale by the COO?
No, it was not an open-market sale. The 4,898 shares were withheld by Worthington Steel to cover Jeffrey Klingler’s tax obligations upon restricted stock vesting, a standard tax-withholding mechanism rather than a discretionary sale into the market.
What does transaction code F mean in the Worthington Steel Form 4?
Transaction code F indicates shares used to pay an exercise price or tax liability. Here, 4,898 Worthington Steel Common Shares were withheld to satisfy Jeffrey Klingler’s tax withholding obligations when restricted stock vested, as explained in the accompanying footnote.
AI-generated analysis. How Rhea-AI works. Not financial advice.
