BLYSTONE JOHN B 4
Research Summary
AI-generated summary
Worthington Steel (WS) Exec Chairman John Blystone Receives Award
What Happened
- John B. Blystone, Executive Chairman and Director of Worthington Steel (WS), had 14,750 performance shares vest on 2026-07-07 (reported as an award/grant). Concurrently, 6,408 of those shares were withheld to satisfy tax withholding obligations, with the withheld shares reported as disposed at $32.16 each for a total of $206,081.
Key Details
- Transaction date: 2026-07-07; filing date: 2026-07-08 (timely).
- Award (code A): 14,750 shares acquired on vesting; reported acquisition price $0.00 (typical for vested awards).
- Withholding (code F): 6,408 shares withheld/disposed at $32.16/share = $206,081 to cover taxes.
- Shares owned after the transaction: not specified in the filing.
- Footnotes: F1 — vesting of a 2023 performance share award; F2 — shares withheld to satisfy tax withholding.
- Not a market sale or open-market purchase—this was vesting of a compensation award with shares withheld for taxes.
Context
- This is a standard equity-compensation vesting event. The withheld shares were used to cover tax obligations (a common administrative step) rather than an intentional open-market sale signaling sentiment.
- For clarity: this was not an exercise of options or a discretionary sale/purchase—no cash purchase or new investment by the insider occurred.