Worthington (WOR) executive has 1,756 shares withheld for taxes
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Caravati Steven M
Role
President - Consumer Products
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 1,571 | $53.76 | $84K |
| Tax Withholding | Common Shares | 185 | $53.77 | $10K |
Holdings After Transaction:
Common Shares — 45,673 shares (Direct, null)
Footnotes (1)
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Key Figures
Tax-withheld shares June 30: 1,571 shares
Tax-withheld shares June 29: 185 shares
Total tax-withheld shares: 1,756 shares
+4 more
7 metrics
Tax-withheld shares June 30
1,571 shares
Common Shares withheld at $53.76 per share on June 30, 2026
Tax-withheld shares June 29
185 shares
Common Shares withheld at $53.77 per share on June 29, 2026
Total tax-withheld shares
1,756 shares
Total shares withheld for tax obligations across both F-code transactions
Price per share June 30
$53.76/share
Valuation used for 1,571 withheld Common Shares
Price per share June 29
$53.77/share
Valuation used for 185 withheld Common Shares
Shares held after June 30
45,673 shares
Total direct Common Shares held by Caravati after latest withholding
Shares held after June 29
47,244 shares
Direct Common Shares held immediately after June 29 withholding
Key Terms
restricted stock, tax withholding obligation, Common Shares, Form 4
4 terms
restricted stock financial
"Represents shares withheld upon the vesting of restricted stock in order to satisfy"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
tax withholding obligation financial
"in order to satisfy the reporting person's tax withholding obligation upon such vesting"
Form 4 regulatory
"These Form 4 entries both use code F, which indicates payment"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
What insider transaction did Worthington (WOR) report for Steven M. Caravati?
Steven M. Caravati reported share withholdings for taxes, not open-market sales. A total of 1,756 Worthington Common Shares were withheld in connection with restricted stock vesting, reflecting routine tax settlement rather than discretionary trading activity.