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Joined 1 year ago
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Cake day: June 23rd, 2023

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  • U.S. Steel has brand new currently non union facilities in Arkansas. For sure anyone buying the company definitely wants these.

    Nippon Steel says they would keep older (unionized) facilities in Pennsylvania open. Union leadership has said that they don’t believe them.

    U.S. Steel has said that they might close older facilities if the sale doesn’t go through. Union members who work at the plants say that they believe Nippon Steel will protect their jobs and disagree with leadership.

    IMO this is defyingly more of a “that’s capitalism baybee!” than anything else.








  • Ok, so the report is on the person (CEO in this case). Only directors and certain executive levels are required to report.

    Table I shows ‘non-derivative securities’ (regular stock). The CEO holds in their own name 3 million+ shares. No transaction was reported for those, but they have to be listed.

    The CEO’s spouse aquired 2000 shares at a cost of $1.425 each. After this transaction, they had 2000 shares total (column 5).

    They then sold those shares for $40 each. After, they weren’t holding any stock, so column 5 shows 0.

    The CEO financially benefits from this, so the transactions are listed on their form, as (I) for indirect. If the spouse also had a position within Unity which required reporting this would be listed on their own SEC form as well.