Worthington Steel (WS) CEO has 9,075 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worthington Steel, Inc. President and CEO Geoffrey G. Gilmore reported a routine tax-related share disposition. On June 30, 2026, 9,075 common shares were withheld upon the vesting of restricted stock to satisfy his tax withholding obligations, at an indicated price of $33.58 per share. Following this non-derivative tax-withholding event, he directly holds 335,857 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
GILMORE GEOFFREY G
Role
President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 9,075 | $33.58 | $305K |
Holdings After Transaction:
Common Shares — 335,857 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 9,075 shares
Indicated price per share: $33.58 per share
Shares held after transaction: 335,857 shares
3 metrics
Shares withheld for taxes
9,075 shares
Tax-withholding disposition on June 30, 2026
Indicated price per share
$33.58 per share
Value used for tax-withholding disposition
Shares held after transaction
335,857 shares
Direct common share holdings after June 30, 2026 event
Key Terms
restricted stock, tax withholding obligations, non-derivative, tax-withholding disposition
4 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
"withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligations"
non-derivative financial
""transaction_type": "non-derivative""
tax-withholding disposition financial
""transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
FAQ
What insider transaction did Worthington Steel (WS) report for Geoffrey G. Gilmore?
Worthington Steel President and CEO Geoffrey G. Gilmore reported a tax-related share disposition. On June 30, 2026, 9,075 common shares were withheld upon the vesting of restricted stock to cover his tax withholding obligations, a routine non-market event.
Does this Worthington Steel Form 4 show an open-market sale by Geoffrey G. Gilmore?
No, the Form 4 describes a tax-withholding disposition, not an open-market sale. Shares were withheld upon restricted stock vesting to satisfy Geoffrey G. Gilmore’s tax obligations, coded as transaction type F, a standard non-derivative compensation-related event.
What does transaction code F mean in this Worthington Steel Form 4?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this case, 9,075 Worthington Steel common shares were withheld upon restricted stock vesting to satisfy Geoffrey G. Gilmore’s tax withholding obligations, rather than being sold in the market.
What type of security was involved in Geoffrey G. Gilmore’s Worthington Steel transaction?
The transaction involved Worthington Steel common shares related to the vesting of restricted stock. When the restricted stock vested on June 30, 2026, 9,075 common shares were withheld to meet tax withholding obligations, as described in the Form 4 footnote.