GILMORE GEOFFREY G 4
4 · Worthington Steel, Inc. · Filed Jul 8, 2026
Research Summary
AI-generated summary of this filing
Worthington Steel (WS) CEO Geoffrey Gilmore Receives Award
What Happened
Geoffrey G. Gilmore, President, CEO and Director of Worthington Steel (WS), had a performance share award vest on 2026-07-07. The filing reports acquisition of 23,664 shares (award vesting) and the withholding of 10,555 of those shares to satisfy tax obligations. The withheld shares are reported at $32.16 each, totaling $339,449; the award acquisition is shown at $0.00 per share in the filing (typical for vesting awards).
Key Details
- Transaction date: 2026-07-07 (filed 2026-07-08; filing appears timely)
- Awarded (A): 23,664 shares @ $0.00 (vesting of a 2023 performance share award) — Footnote F1
- Withheld for taxes (F): 10,555 shares @ $32.16 = $339,449 — Footnote F2 (shares withheld to satisfy tax withholding)
- Shares owned after transaction: Not specified in the provided filing
- Filing timeliness: Reported the next day (no late-filing flag in this summary)
Context
This was a vesting of performance-based restricted shares, not an open-market purchase or a voluntary sale. Withholding a portion of vested shares to cover taxes is a routine administrative action and does not necessarily indicate either a bullish or bearish signal by the insider.
Insider Transaction Report
- Award
Common Shares
[F1]2026-07-07+23,664→ 359,521 total - Tax Payment
Common Shares
[F2]2026-07-07$32.16/sh−10,555$339,449→ 348,966 total
Footnotes (2)
- [F1]Represents the vesting of a performance share award granted in 2023.
- [F2]Represents shares withheld upon the vesting of a performance share award in order to satisfy the reporting person's tax withholding obligations upon such vesting.