WORTHINGTON (WOR) Director Granted 2,815 Restricted Shares
Worthington Enterprises director Ozey K. Horton Jr. was granted 2,815 restricted common shares on 09/25/2025 under the company's 2025 Equity Plan for Non-Employee Directors.
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Rhea-AI Filing Summary
Worthington Enterprises director Ozey K. Horton Jr. was granted 2,815 restricted common shares on 09/25/2025 under the company's 2025 Equity Plan for Non-Employee Directors. The award carries a reported price of $0.00 and increased Mr. Horton’s beneficial ownership to 46,803 shares on a direct basis. The restricted shares vest on the earlier of the first anniversary of the grant date or the date of the next Annual Meeting of Shareholders. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person on 09/26/2025.
Positive
- Director received equity alignment: 2,815 restricted shares grant aligns director interests with shareholders
- Clear vesting terms: vesting on earlier of one-year anniversary or next Annual Meeting provides straightforward schedule
- Ownership disclosed: post-grant direct beneficial ownership reported as 46,803 shares
Negative
- None.
Insights
TL;DR: Typical director equity award reported; vesting tied to time or next annual meeting.
The Form 4 discloses a standard non-employee director grant of 2,815 restricted shares under the 2025 Equity Plan. Vesting is simple and time-based, occurring either at the one-year anniversary or at the next shareholder meeting, which aligns director incentives with shareholder timelines. The report reflects direct beneficial ownership of 46,803 shares post-award and an effective grant date of 09/25/2025. Filing executed by attorney-in-fact on 09/26/2025.
TL;DR: Non-derivative compensation grant recorded; increases reported direct ownership to 46,803 shares.
The transaction is coded as an acquisition of restricted common shares with a reported price of $0.00, indicating a compensation issuance rather than a market purchase. The Form 4 shows the transaction date, the number of shares granted, and the post-transaction ownership level. No derivative transactions or additional conditions beyond the stated vesting schedule are disclosed in this filing.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 2,815 | $0.00 | $0.00 |
Footnotes (1)
- F1. An award of restricted stock was granted pursuant to the Worthington Enterprises, Inc. 2025 Equity Plan for Non-Employee Directors. The restricted stock will vest on the earlier to occur of (1) the first anniversary of the grant date; or (2) the date on which the next Annual Meeting of Shareholders of Worthington Enterprises, Inc. is held.
FAQ
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What did Ozey K. Horton Jr. receive according to the Form 4?
Who signed the Form 4 and when was it signed?
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