David B. Burritt - 18 Jun 2025 Form 4 Insider Report for UNITED STATES STEEL CORP (X)

Reporting relationship: Pres. & CEO, Director
Issuer ticker: X
Reported as of: 18 Jun 2025
Net transaction value: $0
SEC form: 4
Accepted by SEC: 18 Jun 2025, 20:31:24 UTC
Prior SEC filing: 02 Apr 2025
Next SEC filing: 02 Jul 2025
Source filing: View source filing
Reporting owner signature: /s/ Megan Bombick By Power of Attorney from David B. Burritt

Key filing fact

David B. Burritt filed Form 4 for UNITED STATES STEEL CORP (X) on 18 Jun 2025.

Key facts

This page summarizes David B. Burritt's Form 4 filing for UNITED STATES STEEL CORP (X).
7 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 18 Jun 2025, 20:31.

Change

Previous filing in this sequence was filed on 02 Apr 2025.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001204586 Primary reporting owner

BURRITT DAVID B

Relationship: Pres. & CEO, Director
Address: 600 GRANT STREET, PITTSBURGH
Signature: /s/ Megan Bombick By Power of Attorney from David B. Burritt
Signature date: 18 Jun 2025

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

X transaction

COMMON STOCK

Disposed to Issuer

Transaction value
Shares: -1,196,647
Change %: -100%
Price
Shares after: 0
Date: 18 Jun 2025
Ownership: Direct
Footnotes: F1, F2

X transaction

COMMON STOCK

Award

Transaction value: $0
Shares: +372,812
Change %
Price: $0.000000
Shares after: 372,812
Date: 18 Jun 2025
Ownership: Direct
Footnotes: F3

X transaction

COMMON STOCK

Disposed to Issuer

Transaction value
Shares: -372,812
Change %: -100%
Price
Shares after: 0
Date: 18 Jun 2025
Ownership: Direct
Footnotes: F1, F4

X transaction

COMMON STOCK

Disposed to Issuer

Transaction value
Shares: -290,082
Change %: -100%
Price
Shares after: 0
Date: 18 Jun 2025
Ownership: By Trust
Footnotes: F1, F5

X transaction

COMMON STOCK

Disposed to Issuer

Transaction value
Shares: -11,783
Change %: -100%
Price
Shares after: 0
Date: 18 Jun 2025
Ownership: By 401(k) Plan
Footnotes: F1, F6

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

X transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -30,020
Change %: -100%
Price
Shares after: 0
Date: 18 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 30,020
Exercise price: $39.26
Footnotes: F1, F7

X transaction Derivative

Stock Option (Right to Buy)

Disposed to Issuer

Transaction value
Shares: -171,000
Change %: -100%
Price
Shares after: 0
Date: 18 Jun 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 171,000
Exercise price: $23.52
Footnotes: F1, F7

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 7 footnotes

Footnote F1

On June 18, 2025, United States Steel Corporation (the "Company") consummated the merger transaction (the "Merger") contemplated by that certain Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 18, 2023, by and among Nippon Steel North America, Inc., a New York corporation ("Parent"), 2023 Merger Subsidiary, Inc., a Delaware corporation and a wholly owned subsidiary of Parent, and the Company. The effective time of the Merger is referred to herein as the "Effective Time".

Footnote F2

Reflects (i) shares of common stock of the Company, par value $1.00 (the "Shares"), held directly by the reporting person, (ii) restricted stock units previously granted to the reporting person, and (iii) ROCE-based and TSR-based performance stock units previously granted to the reporting person that relate to performance periods that were completed prior to the Effective Time that, in each case, as of immediately prior to the Effective Time, were converted into the right to receive $55 in cash per Share (the "Per Share Merger Consideration"), less any applicable tax withholdings in accordance with the terms of the Merger Agreement.

Footnote F3

Reflects the acquisition of ROCE-based and TSR-based performance stock units and other performance-based stock awards (collectively, "PSUs") that were deemed to have been earned as of immediately prior to the Effective Time in accordance with the terms of the Merger Agreement.

Footnote F4

Immediately prior to the Effective Time, in accordance with the terms of the Merger Agreement, each of these PSUs was converted into the right to receive the Per Share Merger Consideration, less any applicable tax withholdings.

Footnote F5

Immediately prior to the Effective Time, in accordance with the terms of the Merger Agreement, each of these Shares was converted into the right to receive the Per Share Merger Consideration, less any applicable tax withholdings.

Footnote F6

As a result of the Effective Time, each of the Shares that the reporting person previously reported as beneficially owned under the Company's 401(k) retirement plan was liquidated in exchange for the Per Share Merger Consideration.

Footnote F7

Immediately prior to the Effective Time, in accordance with the terms of the Merger Agreement, each of these stock options was converted into the right to receive an amount in cash equal to the positive difference, if any, between the Per Share Merger Consideration and the applicable exercise price, less any applicable tax withholdings.