Worthington exec has shares withheld for taxes
WORTHINGTON ENTERPRISES, INC. executive Steven M. Caravati, President - Consumer Products, reported routine tax-related share withholdings tied to restricted stock vesting.
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Rhea-AI Filing Summary
WORTHINGTON ENTERPRISES, INC. executive Steven M. Caravati, President - Consumer Products, reported routine tax-related share withholdings tied to restricted stock vesting. On June 29 and June 30, a total of 1,756 Common Shares were withheld by the company to satisfy his tax withholding obligations.
These Form 4 entries both use code F, which indicates payment of tax liability by delivering securities rather than open-market sales. After the June 30 withholding, Caravati directly held 45,673 Common Shares.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 1,571 | $53.76 | $84K |
| Exercise Price or Tax Liability | Common Shares | 185 | $53.77 | $10K |
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.
Key Figures
Key Terms
restricted stock financial
tax withholding obligation financial
Form 4 regulatory
FAQ
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What insider transaction did Worthington (WOR) report for Steven M. Caravati?
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