Worthington Consumer Products President Reports Stock Withholding for Taxes
Worthington Enterprises (NYSE:WOR) reported insider trading activity through a Form 4 filing.
Rhea-AI Filing Summary
Worthington Enterprises (NYSE:WOR) reported insider trading activity through a Form 4 filing. Steven M. Caravati, President of Consumer Products, disposed of a total of 19,697 shares on June 24, 2025. The transactions were related to tax withholding upon the vesting of restricted stock, with shares sold at $60.15 per share. Following these transactions, Caravati's direct ownership stands at 39,226 shares.
Positive
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Negative
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Insights
Tax-related share withholding from vesting RSUs represents standard compensation practice, not discretionary selling.
The reported transactions reflect automated tax withholding upon restricted stock vesting, a common practice among executives. The disposition of 19,697 shares was executed in three separate transactions (7,135, 1,856, and 10,706 shares) at a fixed price of $60.15. This type of transaction is generally viewed as non-discretionary and doesn't typically signal any change in the insider's investment thesis. The remaining position of 39,226 shares indicates continued significant alignment with shareholder interests.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 7,135 | $60.15 | $429K |
| Exercise Price or Tax Liability | Common Shares | 1,856 | $60.15 | $112K |
| Exercise Price or Tax Liability | Common Shares | 10,706 | $60.15 | $644K |
Footnotes (1)
- F1. Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.
FAQ
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What is Steven Caravati's remaining stake in WOR after the transactions?
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