Worthington CEO gifts 475 common shares
WORTHINGTON ENTERPRISES, INC.
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Form Type
4
Rhea-AI Filing Summary
WORTHINGTON ENTERPRISES, INC. President & CEO Joseph B. Hayek reported a bona fide gift of 475 common shares on April 15, 2026, at no stated price. After the gift, he directly owns 210,339 common shares.
He also holds 2,000 common shares indirectly through a Merrill Lynch IRA and 1,677 common shares indirectly through a Vanguard IRA. A footnote states that these IRA positions include additional common shares acquired via the dividend reinvestment feature of the IRA based on a plan statement dated March 31, 2026.
Insider Trade Summary
475 shares gifted
Gift
3 txns
Insider
HAYEK JOSEPH B
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Shares | 475 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 210,339 shares (Direct);
Common Shares — 2,000 shares (Indirect, By IRA (Merrill-Lynch));
Common Shares — 1,677 shares (Indirect, By IRA (Vanguard))
Footnotes (1)
- F1. 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
Gifted shares: 475 shares
Direct holdings after gift: 210,339 shares
Merrill Lynch IRA holdings: 2,000 shares
+3 more
6 metrics
Gifted shares
475 shares
Bona fide gift of common shares on April 15, 2026
Direct holdings after gift
210,339 shares
Common shares directly owned following April 15, 2026 gift
Merrill Lynch IRA holdings
2,000 shares
Indirect common shares held by IRA (Merrill Lynch)
Vanguard IRA holdings
1,677 shares
Indirect common shares held by IRA (Vanguard)
Gift transactions count
1 transaction
Bona fide gift recorded in transaction summary
Gifted share total
475 shares
GiftShares in transaction summary
Key Terms
bona fide gift, dividend reinvestment, IRA, indirect ownership, +1 more
5 terms
bona fide gift financial
"The transaction code is G, described as a bona fide gift."
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
dividend reinvestment financial
"includes additional common shares acquired pursuant to the dividend reinvestment feature of the IRA"
Dividend reinvestment is when the money earned from a company's profit sharing, called dividends, is automatically used to buy more shares of that company instead of being received as cash. This process helps investors grow their holdings over time without extra effort, much like using earned interest to buy more of a savings account. It encourages long-term investment growth by continuously increasing the amount of shares owned.
IRA financial
"By IRA (Merrill-Lynch) and By IRA (Vanguard)"
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.
indirect ownership financial
"direct_or_indirect":"I","nature_of_ownership":"By IRA (Merrill-Lynch)""
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WOR President & CEO Joseph B. Hayek report?
Joseph B. Hayek reported a bona fide gift of 475 Worthington Enterprises common shares on April 15, 2026. The Form 4 shows this as a non-derivative disposition coded as a gift, meaning shares were transferred without a sale price or open-market trade.
What does the Form 4 gift transaction code mean for WOR stock?
The Form 4 lists the transaction as code G, a bona fide gift of 475 common shares. This indicates a transfer without consideration, rather than a purchase or sale in the market, so it does not reflect an open-market trading decision in Worthington Enterprises stock.
What indirect Worthington Enterprises (WOR) holdings does Joseph B. Hayek report?
Joseph B. Hayek reports 2,000 common shares held indirectly by an IRA at Merrill Lynch and 1,677 common shares held indirectly by an IRA at Vanguard. A footnote notes these IRA balances include additional shares acquired through dividend reinvestment as of March 31, 2026.
Does the Wor Form 4 show dividend reinvestment activity for Joseph B. Hayek?
Yes. A footnote explains that the reported IRA share amounts include additional Worthington Enterprises common shares acquired through the dividend reinvestment feature of the IRA, based on a plan statement dated March 31, 2026, indicating automatic reinvestment of dividends into more shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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