James E. Bruno - Aug 14, 2023 Form 4 Insider Report for UNITED STATES STEEL CORP (X)

Signature
/s/ Megan Bombick by power of attorney from James Bruno
Stock symbol
X
Transactions as of
Aug 14, 2023
Transactions value $
-$1,677,053
Form type
4
Date filed
8/15/2023, 06:32 PM
Previous filing
Mar 1, 2023
Next filing
Dec 22, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction X United States Steel Corporation Common Stock Sale -$1.62M -50.5K -47.2% $32.00 56.5K Aug 14, 2023 Direct
transaction X United States Steel Corporation Common Stock Options Exercise $205K +8.27K +14.62% $24.78 64.8K Aug 14, 2023 Direct
transaction X United States Steel Corporation Common Stock Sale -$265K -8.27K -12.76% $32.00 56.5K Aug 14, 2023 Direct
holding X United States Steel Corporation Common Stock 5.78K Aug 14, 2023 By 401(k) plan

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction X Common Stock Option Options Exercise $0 -8.27K -100% $0.00* 0 Aug 14, 2023 Common Stock 8.27K $24.78 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Option grant vests ratably over three years, one-third on each of the first, second and third grant date anniversaries.