Worthington Enterprises (NYSE: WOR) CFO logs tax-withholding share transfers
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worthington Enterprises VP & Chief Financial Officer Colin J. Souza reported routine share movements mainly related to tax withholding on equity awards. On June 30, 2026, a total of 2,668 Common Shares were disposed of as shares were withheld to cover his tax obligation upon vesting of restricted stock at $53.76 per share. These are issuer-withheld shares, not open-market sales. Following these transactions, Souza directly holds 20,540 Common Shares and indirectly holds 1.4 Common Shares through a 401(k) plan based on a statement dated May 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
SOUZA COLIN J
Role
VP & Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Shares | 2,106 | $53.76 | $113K |
| Tax Withholding | Common Shares | 562 | $53.76 | $30K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 20,540 shares (Direct, null);
Common Shares — 1.4 shares (Indirect, By 401(k))
Footnotes (1)
- The information in this report is based on a 401(k) statement dated May 31, 2026. 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
Tax-withheld shares total: 2,668 shares
First tax-withheld block: 562 shares
Second tax-withheld block: 2,106 shares
+3 more
6 metrics
Tax-withheld shares total
2,668 shares
Shares withheld for tax obligations on June 30, 2026
First tax-withheld block
562 shares
Withheld at $53.76 per share on June 30, 2026
Second tax-withheld block
2,106 shares
Withheld at $53.76 per share on June 30, 2026
Tax-withholding price
$53.76 per share
Value used for restricted stock tax withholding
Direct holdings after transactions
20,540 shares
Common Shares directly held after June 30, 2026
Indirect 401(k) holdings
1.4 shares
Common Shares held via 401(k) as of May 31, 2026
Key Terms
tax-withholding disposition, restricted stock, 401(k), Common Shares
4 terms
tax-withholding disposition financial
"transaction_action: "tax-withholding disposition" and description of payment of tax liability by delivering securities"
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
"Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation"
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.
401(k) financial
"The information in this report is based on a 401(k) statement dated May 31, 2026."
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
What insider transactions did Worthington Enterprises (WOR) CFO Colin J. Souza report?
Colin J. Souza reported issuer-share withholdings tied to restricted stock vesting. On June 30, 2026, 2,668 Worthington Enterprises Common Shares were withheld to satisfy his tax obligations at $53.76 per share, rather than being sold in open-market transactions.
Were the Worthington Enterprises (WOR) CFO’s Form 4 transactions open-market sales?
No, the transactions were tax-withholding dispositions, not open-market sales. Shares were withheld by Worthington Enterprises upon vesting of restricted stock to cover Colin J. Souza’s tax liability at a price of $53.76 per share on June 30, 2026.