ADAMS TIMOTHY A 4
Research Summary
AI-generated summary
Worthington Steel (WS) CFO Timothy Adams Withholds 1,153 Shares
What Happened
Timothy A. Adams, Chief Financial Officer of Worthington Steel, had 1,153 shares withheld upon the vesting of restricted stock to satisfy tax withholding obligations. The shares were valued at $33.58 each for a total of $38,718. This was a withholding disposition (code F), not an open-market sale.
Key Details
- Transaction date: 2026-06-30; filing date: 2026-07-01 (appears timely).
- Action/code: F — shares withheld to satisfy tax withholding on vested restricted stock.
- Quantity: 1,153 shares withheld at $33.58 per share; total value $38,718.
- Shares owned after transaction: not disclosed in this Form 4.
- Footnote: F1 indicates the withholding was to satisfy the reporting person's tax withholding obligations upon vesting.
Context
Share withholding on RSU vesting is a common administrative step to cover taxes and is different from a voluntary sale of shares. Such withholdings reduce outstanding holdings but do not necessarily indicate a change in the insider's view of the company.