Worthington Enterprises (WOR) VP receives multi-year restricted stock grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Kennedy Patrick J. reported acquisition or exercise transactions in this Form 4 filing.
Worthington Enterprises, Inc. reported that VP–General Counsel & Secretary Patrick J. Kennedy received multiple restricted stock awards of common shares on June 25, 2026. The grants total several thousand shares and were issued at no cash cost to him as equity compensation.
The awards were granted under the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan and will vest in stages. According to the footnotes, portions of the restricted stock vest on the first, second, and third anniversaries of the grant date, aligning his compensation with longer-term company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
Kennedy Patrick J.
Role
VP-General Counsel & Secy
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 3,630 | $0.00 | -- |
| Grant/Award | Common Shares | 760 | $0.00 | -- |
| Grant/Award | Common Shares | 380 | $0.00 | -- |
Holdings After Transaction:
Common Shares — 32,952 shares (Direct, null)
Footnotes (1)
- 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. 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 second anniversary of the grant date. 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 first anniversary of the grant date.
Key Figures
Restricted stock grant 1: 380 common shares
Restricted stock grant 2: 760 common shares
Restricted stock grant 3: 3,630 common shares
+2 more
5 metrics
Restricted stock grant 1
380 common shares
Grant of restricted stock to Patrick J. Kennedy
Restricted stock grant 2
760 common shares
Additional restricted stock award to Patrick J. Kennedy
Restricted stock grant 3
3,630 common shares
Larger restricted stock award to Patrick J. Kennedy
Grant date
June 25, 2026
Date of restricted stock awards
Vesting schedule
1st, 2nd, 3rd anniversaries
Restricted stock vests over three years
Key Terms
restricted stock, 2024 Long-Term Incentive Plan, vest, Form 4, +1 more
5 terms
restricted stock financial
"An award of restricted stock was granted pursuant to the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan."
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.
2024 Long-Term Incentive Plan financial
"An award of restricted stock was granted pursuant to the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan."
vest financial
"The restricted stock will vest on the third anniversary of the grant date."
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
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.
Grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did Worthington Enterprises (WOR) report for Patrick J. Kennedy?
Worthington Enterprises reported that Patrick J. Kennedy received multiple restricted stock awards of common shares as equity compensation. These awards were granted under the 2024 Long-Term Incentive Plan and did not involve open-market buying or selling activity.
What plan governs the new Worthington Enterprises (WOR) stock awards to Patrick J. Kennedy?
The restricted stock awards were granted under the Worthington Enterprises, Inc. 2024 Long-Term Incentive Plan. This plan provides equity-based compensation, such as restricted stock, to align executives’ interests with shareholders over multi-year vesting periods.
Does this Worthington Enterprises (WOR) Form 4 show stock being sold by Patrick J. Kennedy?
No. The Form 4 only shows acquisitions coded as grants or awards of restricted stock. There are no open-market sales or dispositions reported; the transactions reflect equity compensation rather than active trading in Worthington Enterprises shares.