WOR VP Kennedy reports equity award and tax withholding
WORTHINGTON ENTERPRISES, INC. vice president and general counsel Patrick J. Kennedy reported routine equity compensation activity involving common shares.
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Rhea-AI Filing Summary
WORTHINGTON ENTERPRISES, INC. vice president and general counsel Patrick J. Kennedy reported routine equity compensation activity involving common shares. On July 7, 2026, he had 508 common shares withheld at $53.09 per share to cover tax obligations tied to vesting equity, which is a non-market disposition.
On the same date, he received a grant/award of 1,138 common shares at no cost following the payout of a long-term performance share award based on company results for the three-year period ended May 31, 2026. After these transactions, he directly holds 32,436 common shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 1,138 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Shares | 508 | $53.09 | $27K |
Footnotes (2)
- F1. A long-term performance share award was granted on June 30, 2023 pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. Common Shares were to be earned based on the level of achievement of specified performance objectives over the three-year period ended May 31, 2026. On June 22, 2026, the Compensation Committee of the Company's Board of Directors met and approved the payout of the reported common shares based on the performance of the Company for the three-year period ended May 31 ,2026.
- F2. Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.
Key Figures
Key Terms
tax-withholding disposition financial
Grant, award, or other acquisition financial
restricted stock financial
Compensation Committee financial
FAQ
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What insider transactions did WOR executive Patrick J. Kennedy report on this Form 4?
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