Worthington Enterprises (WOR) president reports equity award vesting and tax withholding on Form 4
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Worthington Enterprises President – Building Products James R. Bowes reported routine equity compensation activity. On the vesting of a long-term performance share award, he acquired 1,014 common shares and had 453 shares withheld at $53.09 each to cover taxes. Following these transactions, he directly holds 20,399 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
BOWES JAMES R
Role
President - Building Products
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Shares | 1,014 | $0.00 | -- |
| Tax Withholding | Common Shares | 453 | $53.09 | $24K |
Holdings After Transaction:
Common Shares — 20,399 shares (Direct, null)
Footnotes (1)
- A long-term performance share award was granted on June 30, 2023 pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan. Common Shares were to be earned based on the level of achievement of specified performance objectives over the three-year period ended May 31, 2026. On June 22, 2026, the Compensation Committee of the Company's Board of Directors met and approved the payout of the reported common shares based on the performance of the Company for the three-year period ended 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 withholding shares: 453 shares
Tax withholding price: $53.09 per share
Awarded shares: 1,014 shares
+2 more
5 metrics
Tax withholding shares
453 shares
Shares withheld for tax obligations at vesting on July 7, 2026
Tax withholding price
$53.09 per share
Value used for 453 withheld shares
Awarded shares
1,014 shares
Grant/award acquisition of common shares on July 7, 2026
Post-transaction holdings
20,399 shares
Direct common share ownership after reported transactions
Tax withholding total value
$24,056.77
453 shares withheld at $53.09 per share
Key Terms
long-term performance share award, Amended and Restated 1997 Long-Term Incentive Plan, restricted stock, tax withholding obligation, +1 more
5 terms
Amended and Restated 1997 Long-Term Incentive Plan financial
"A long-term performance share award was granted on June 30, 2023 pursuant to the Worthington Industries, Inc. Amended and Restated 1997 Long-Term Incentive Plan."
restricted stock financial
"Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting."
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.
tax withholding obligation financial
"Represents shares withheld upon the vesting of restricted stock in order to satisfy the reporting person's tax withholding obligation upon such vesting."
Compensation Committee financial
"On June 22, 2026, the Compensation Committee of the Company's Board of Directors met and approved the payout of the reported common shares."
A compensation committee is a group within a company's leadership responsible for setting and reviewing how much top executives and employees are paid, including salaries, bonuses, and benefits. It matters to investors because fair and effective pay decisions can influence a company's performance, leadership motivation, and overall governance, helping ensure that the company’s management is aligned with shareholders’ interests.
FAQ
What insider transactions did WOR executive James R. Bowes report?
James R. Bowes reported routine equity compensation activity involving vested performance-based shares and related tax withholding. He received 1,014 Worthington Enterprises common shares and had 453 shares withheld to satisfy tax obligations, all as part of the company’s long-term incentive and restricted stock programs.
Were the WOR Form 4 transactions open-market buys or sells?
The reported transactions were not open-market trades. Bowes received 1,014 common shares as a grant or award, and 453 shares were withheld by the company to cover tax liabilities upon vesting, rather than being voluntarily bought or sold in the market.