Worthington Steel (WS) executive has 1,873 shares withheld for tax obligations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worthington Steel, Inc. executive Clifford Larivey reported a routine tax-related share disposition. On the vesting of restricted stock, 1,873 common shares were withheld at $33.58 per share to satisfy his tax withholding obligations, rather than sold in the open market. After this withholding, he directly holds 68,545 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Larivey Clifford
Role
President Flat Rolled Stl Proc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 1,873 | $33.58 | $63K |
Holdings After Transaction:
Common Shares — 68,545 shares (Direct, null)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 1,873 shares
Tax withholding price: $33.58 per share
Shares held after transaction: 68,545 shares
3 metrics
Shares withheld for taxes
1,873 shares
Withheld upon restricted stock vesting
Tax withholding price
$33.58 per share
Value used for withheld shares
Shares held after transaction
68,545 shares
Direct holdings following tax-withholding disposition
Key Terms
tax withholding, restricted stock, Form 4
3 terms
tax withholding financial
"satisfy the reporting person's tax withholding obligations upon such vesting"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Worthington Steel (WS) report for Clifford Larivey?
Clifford Larivey had 1,873 Worthington Steel common shares withheld to cover taxes on restricted stock vesting. This was a tax-withholding disposition rather than an open-market sale, and he continues to hold 68,545 shares directly afterward.
Was the Worthington Steel (WS) Form 4 transaction an open-market sale?
No, the Form 4 shows a tax-withholding disposition, not an open-market sale. Shares were withheld by the issuer upon restricted stock vesting to satisfy Larivey’s tax obligations, consistent with routine equity compensation practices.
What does the F code mean in the Worthington Steel (WS) Form 4?
Transaction code F indicates shares withheld to pay tax or exercise costs. In this case, Worthington Steel withheld 1,873 common shares upon restricted stock vesting to satisfy Clifford Larivey’s tax withholding obligations, rather than him selling shares on the market.