Worthington Enterprises Strengthens Executive Retention with 3-Year Stock Grant
Rhea-AI Filing Summary
Worthington Enterprises Senior Vice President Sonya L. Higginbotham reported significant insider transactions on June 26, 2025:
- Acquired 1,490 restricted common shares at $0.00 under the company's 2024 Long-Term Incentive Plan
- These shares will vest on the third anniversary of the grant date
- Following the transaction, Higginbotham directly owns 18,154 common shares
- Additionally holds 439.36 shares indirectly through 401(k) Plan (as of May 31, 2025)
This Form 4 filing indicates continued executive compensation through equity awards, aligning management interests with shareholders. The restricted stock grant represents a long-term retention incentive with a three-year vesting schedule.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,490 shares
Net Buy
2 txns
Insider
HIGGINBOTHAM SONYA L
Role
Senior Vice President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 1,490 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 18,154 shares (Direct);
Common Shares — 439.36 shares (Indirect, By 401(k))
Footnotes (2)
- F1. An award of restricted stock was granted pursuant to the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan. The restricted stock will vest on the third anniversary of the grant date.
- F2. The information in this report is based on a 401(k) Plan statement as of May 31, 2025.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What is the vesting period for WOR's restricted stock awarded to Sonya Higginbotham?
The restricted stock award will vest on the third anniversary of the grant date (June 26, 2028).
What position does Sonya Higginbotham hold at Worthington Enterprises (WOR)?
Sonya Higginbotham serves as Senior Vice President at Worthington Enterprises, Inc. (WOR).