STOCK TITAN

Worthington Steel Executive Maintains Large 61,849 Share Position After Tax Settlement

Filing Impact
(Neutral)
Filing Sentiment
(Negative)
Form Type
4

Rhea-AI Filing Summary

Insider Trading Alert: Clifford Larivey, President of Flat Rolled Steel Processing at Worthington Steel (WS), reported a disposition of 3,076 common shares on June 24, 2025, at a price of $25.69 per share.

The transaction was coded as 'F', indicating shares were withheld for tax purposes upon the vesting of restricted stock. Following this transaction, Larivey maintains direct beneficial ownership of 61,849 shares.

Key Transaction Details:

  • Transaction was automatic for tax withholding, not a discretionary sale
  • Filing was completed within SEC requirements through attorney-in-fact Joseph Y. Heuer
  • No derivative securities were involved in this transaction
  • Transaction reduces executive's direct holdings but maintains significant equity stake

Positive

  • None.

Negative

  • None.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Larivey Clifford

(Last) (First) (Middle)
100 OLD WILSON BRIDGE ROAD

(Street)
COLUMBUS OH 43085

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Worthington Steel, Inc. [ WS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
President Flat Rolled Stl Proc
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Shares 06/24/2025 F(1) 3,076 D $25.69 61,849 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligations upon such vesting.
/s/ Joseph Y. Heuer, as attorney-in-fact for Clifford Larivey 06/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many WS shares did Clifford Larivey dispose of on June 24, 2025?

According to the Form 4 filing, Clifford Larivey disposed of 3,076 common shares of Worthington Steel (WS) on June 24, 2025, at a price of $25.69 per share.

What is Clifford Larivey's position at Worthington Steel (WS)?

Clifford Larivey serves as the President of Flat Rolled Steel Processing at Worthington Steel, Inc. (WS), as indicated in the Form 4 filing.

How many WS shares does Clifford Larivey own after the June 24, 2025 transaction?

Following the reported transaction, Clifford Larivey directly owns 61,849 common shares of Worthington Steel (WS).

Why did Clifford Larivey sell WS shares on June 24, 2025?

The shares were not sold on the open market. According to the filing's explanation, the shares were withheld upon the vesting of restricted stock to satisfy the reporting person's tax withholding obligations.

What type of ownership does Clifford Larivey have in WS shares?

According to the Form 4 filing, Clifford Larivey has Direct (D) ownership of his Worthington Steel (WS) shares, with no reported indirect ownership positions.
Worthington Steel

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32.48M
Steel
Steel Works, Blast Furnaces & Rolling & Finishing Mills
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United States
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