Worthington Steel President's 3,076 Shares Withheld for Tax Obligations
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.
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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
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 3,076 | $25.69 | $79K |
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.
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