ADAMS TIMOTHY A 4
Research Summary
AI-generated summary
Worthington Steel CFO Timothy Adams Receives Award; 1,266 Shares Withheld
What Happened Timothy A. Adams, Chief Financial Officer of Worthington Steel (WS), received a performance share award that vested on July 7, 2026: 2,837 shares were granted/acquired at $0.00. To satisfy tax-withholding obligations upon vesting, 1,266 of those shares were withheld/disposed at an indicated value of $32.16 per share, totaling about $40,715. This is a vesting of an award (not an open-market purchase or sale) and the withholding is a routine tax-related disposition.
Key Details
- Transaction date: 2026-07-07; filing date: 2026-07-08 (timely filing).
- Award: 2,837 shares granted/vested (transaction code A).
- Tax withholding/disposition: 1,266 shares at $32.16 each, proceeds/value ≈ $40,715 (transaction code F).
- Shares owned after the transaction: not disclosed in the provided filing.
- Relevant footnotes: F1 — vesting of a 2023 performance share award; F2 — shares withheld to satisfy tax withholding.
- No 10b5-1 plan or late-filing flag noted in this filing.
Context This transaction reflects the normal vesting of a prior performance-based equity grant and the customary withholding of shares to cover taxes. Such withholding is a standard administrative step and does not by itself indicate a decision to sell remaining shares or a directional view on the stock.