Worthington CEO reports tax share withholdings
WORTHINGTON ENTERPRISES, INC.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
WORTHINGTON ENTERPRISES, INC. President & CEO Joseph B. Hayek reported routine tax-related share withholdings rather than open-market sales. On June 29 and June 30, 2026, a total of 5,418 common shares were withheld at prices around $53.76–$53.77 to cover tax obligations on vested restricted stock, according to the footnotes.
After these transactions, Hayek directly owns 237,189 common shares and indirectly holds 1,677 shares in an IRA at Vanguard and 2,000 shares in an IRA at Merrill Lynch. The filing reflects compensation-related mechanics, not discretionary buying or selling in the market.
Insider Trade Summary
Exercise Price or Tax Liability: 5,418 shares
Exercise Price or Tax Liability
4 txns
Insider
HAYEK JOSEPH B
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Shares | 4,633 | $53.76 | $249K |
| Exercise Price or Tax Liability | Common Shares | 785 | $53.77 | $42K |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 237,189 shares (Direct);
Common Shares — 2,000 shares (Indirect, By IRA (Merrill-Lynch));
Common Shares — 1,677 shares (Indirect, By IRA (Vanguard))
Footnotes (2)
- F1. Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting.
- F2. The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA as reported in the plan statement dated March 31, 2026.
Key Figures
Tax-withheld shares (June 29, 2026): 785 shares at $53.77
Tax-withheld shares (June 30, 2026): 4,633 shares at $53.76
Total tax-withheld shares: 5,418 shares
+3 more
6 metrics
Tax-withheld shares (June 29, 2026)
785 shares at $53.77
Code F disposition to satisfy tax liability
Tax-withheld shares (June 30, 2026)
4,633 shares at $53.76
Code F disposition to satisfy tax liability
Total tax-withheld shares
5,418 shares
Form 4 transaction summary, taxWithholdingShares
Direct holdings after transactions
237,189 shares
Total shares following June 30, 2026 disposition
Indirect IRA holdings (Vanguard)
1,677 shares
Common Shares held indirectly by IRA (Vanguard)
Indirect IRA holdings (Merrill Lynch)
2,000 shares
Common Shares held indirectly by IRA (Merrill-Lynch)
Key Terms
tax-withholding disposition, restricted stock, dividend reinvestment feature, IRA
4 terms
tax-withholding disposition financial
"transaction_action: tax-withholding disposition"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
restricted stock financial
"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.
dividend reinvestment feature financial
"additional common shares acquired pursuant to the dividend reinvestment feature"
IRA financial
"The amount reported includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did WOR President & CEO Joseph B. Hayek report in this Form 4?
Joseph B. Hayek reported tax-related share withholdings, not open-market trades. A total of 5,418 WORTHINGTON ENTERPRISES common shares were withheld to cover taxes due on the vesting of restricted stock, as described in the Form 4 footnotes.
What is the significance of the IRA holdings reported for WOR’s CEO?
The Form 4 notes indirect ownership through IRAs, clarifying total exposure to WOR shares. It reports 1,677 shares held by an IRA at Vanguard and 2,000 shares held by an IRA at Merrill Lynch, including shares acquired via dividend reinvestment features.
What do the Form 4 footnotes say about WOR restricted stock vesting?
One footnote explains withheld shares relate to restricted stock vesting for WOR’s CEO. It states the reported shares were withheld upon vesting of restricted stock to satisfy the reporting person’s tax withholding obligation associated with that vesting event.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Accepted by SEC EDGAR
Learn about SEC filing dates